Is Parole, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Parole has remained a Seller's Market.
Key Takeaway
Parole is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parole, MD
How much do homes in Parole, MD cost?
Median Sold Price
$535,383
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Parole have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Parole was $535,383 in April 2024, up 8.2% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $367.3K | +22.4% |
| 2 Bedrooms | $400K | $410K | +2.5% |
| 3 Bedrooms | $530K | $560K | +5.7% |
| 4 Bedrooms | $663K | $812.5K | +22.5% |
| 5+ Bedrooms | $800K | $1.0M | +29.7% |
Summary: Parole housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 29.7%.
Housing Supply in Parole, MD
How many homes are available in Parole, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 90 | 103 | +14.4% |
Summary: The Parole real estate market had 103 homes for sale in April 2024, a 14.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 44 | 38 | -13.6% |
| 3 Bedrooms | 25 | 33 | +32.0% |
| 4 Bedrooms | 13 | 19 | +46.2% |
| 5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Parole housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 26 | -18.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parole, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Parole in April 2024, down by 18.8% month-over-month. Of the 26 sold homes, 42% were sold under asking, 19% were sold at asking, and 38% were sold over asking.
Days on Market for Parole, MD
How long does it take to sell a home in Parole, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 31 Days | +202.3% |
Summary: Homes in Parole had an average of 31 days on market in Apr 2024, up by 202.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Parole are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Parole; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
