Is Parkton, 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, Parkton has remained a Seller's Market.
Housing Prices in Parkton, MD
How much do homes in Parkton, MD cost?
Median Sold Price
$620,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Parkton was $620,000 in April 2024, up 7.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | - | N/A |
3 Bedrooms | $390K | $462.5K | +18.6% |
4 Bedrooms | $700K | $658K | -6.0% |
5+ Bedrooms | $725K | $689K | -5.0% |
Summary: Parkton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 18.6%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
Freeland | $460K | $527.5K | +14.7% |
Parkton | $575K | $620K | +7.8% |
White Hall | $510K | $517.5K | +1.5% |
Sparks Glencoe | $400K | $395K | -1.3% |
Housing Supply in Parkton, MD
How many homes are available in Parkton, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Summary: The Parkton real estate market had 23 homes for sale in April 2024, a 21.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Parkton 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 increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Parkton in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Parkton, MD
How long does it take to sell a home in Parkton, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 24 Days | +231.1% |
Summary: Homes in Parkton had an average of 24 days on market in Apr 2024, up by 231.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Parkton; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.