Is Parkville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Parkville has remained a Seller's Market.
Housing Prices in Parkville, MD
How much do homes in Parkville, MD cost?
Median Sold Price
$297,833
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Parkville was $297,833 in March 2024, up 10.3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $190K | $211.5K | +11.3% |
3 Bedrooms | $254K | $275K | +8.3% |
4 Bedrooms | $320K | $355K | +10.9% |
5+ Bedrooms | $367.5K | $385K | +4.8% |
Summary: Parkville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
Parkville | $270K | $297.8K | +10.3% |
Towson | $387K | $425K | +9.8% |
Nottingham | $290K | $299.6K | +3.3% |
Baltimore | $214.6K | $219.9K | +2.5% |
Glen Arm | $615K | $600K | -2.4% |
Housing Supply in Parkville, MD
How many homes are available in Parkville, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
239 | 255 | +6.7% |
Summary: The Parkville real estate market had 255 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 120 | 130 | +8.3% |
4 Bedrooms | 75 | 77 | +2.7% |
5+ Bedrooms | 32 | 32 | 0.0% |
Summary: The Parkville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 52 | +67.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Parkville in March 2024, up by 67.7% month-over-month. Of the 52 sold homes, 29% were sold under asking, 35% were sold at asking, and 37% were sold over asking.
Days on Market for Parkville, MD
How long does it take to sell a home in Parkville, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 16 Days | -31.9% |
Summary: Homes in Parkville had an average of 16 days on market in Mar 2024, down by 31.9% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 52 homes were sold in Parkville; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.