Is Parkville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Parkville has remained a Seller's Market.
Key Takeaway
Parkville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parkville, MD
How much do homes in Parkville, MD cost?
Median Sold Price
$300,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Parkville have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Parkville was $300,000 in June 2024, up 9.1% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $207.5K | N/A |
| 2 Bedrooms | $205K | $210K | +2.4% |
| 3 Bedrooms | $260K | $279.9K | +7.7% |
| 4 Bedrooms | $330K | $355K | +7.6% |
| 5+ Bedrooms | $364.9K | $385.5K | +5.6% |
Summary: Parkville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Glen Arm | $560K | $628K | +12.1% |
| Parkville | $275K | $300K | +9.1% |
| Nottingham | $289.5K | $313.3K | +8.2% |
| Towson | $405K | $435K | +7.4% |
| Baltimore | $215K | $220.1K | +2.4% |
Housing Supply in Parkville, MD
How many homes are available in Parkville, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 195 | 212 | +8.7% |
Summary: The Parkville real estate market had 212 homes for sale in June 2024, a 8.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 109 | 133 | +22.0% |
| 4 Bedrooms | 57 | 55 | -3.5% |
| 5+ Bedrooms | 19 | 15 | -21.1% |
Summary: The Parkville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 21.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 61 | 60 | -1.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkville, you could pay more than the asking price. 63.3% of homes here sold above asking price last month.
Summary: A total of 60 homes were sold or pending in Parkville in June 2024, down by 1.6% month-over-month. Of the 60 sold homes, 22% were sold under asking, 15% were sold at asking, and 63% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 10 Days | 12 Days | +19.3% |
Summary: Homes in Parkville had an average of 12 days on market in Jun 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Parkville are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 60 homes were sold in Parkville; 92% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
