Is Parsonsburg, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Parsonsburg is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Parsonsburg has remained a Seller's Market.

Key Takeaway

Parsonsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Parsonsburg, MD cost?

Median Sold Price

$259,500

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$24,550(+10.4%)

Key Takeaway

Homes in Parsonsburg have sold for 10.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $210K$83.5K
-60.2%
3 $234.9K$234K
-0.4%
4 $286K$341.5K
+19.4%
5+ $280K$335.2K
+19.7%

Median Sold Price Compared To Nearby Cities

Parsonsburg
+10.4%
Laurel-Delmar
+4.0%

How many homes are available in Parsonsburg, MD?

Number of Homes For Sale

Sep 2022Oct 2022%
10100.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 11
0.0%
3 87
-12.5%
4 12
+100.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Parsonsburg, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
8 Days26 Days+205.9%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Parsonsburg are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Parsonsburg, MD

Parsonsburg, MD has 10 homes for sale to choose from. Listings spent 26 days on the market in October 2022, and had a median list price of $259,500 during the same period. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went down by 60.2%, 3 bedrooms properties became 0.4% more cheaper, 4 bedrooms properties prices increased by 19.4%, prices of 5 bedrooms properties went up by 19.7%. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, 3 bedrooms homes became 12.5% less available, volume of 4 bedrooms homes went up by 100%, 5 bedrooms homes inventory did not change. Parsonsburg, MD housing market in October 2022 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 0 sold below.

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