Is Parkville, 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, 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
$299,999
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Parkville have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Parkville was $299,999 in April 2024, up 9.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $255K | N/A |
| 2 Bedrooms | $193K | $211K | +9.3% |
| 3 Bedrooms | $255K | $278.9K | +9.4% |
| 4 Bedrooms | $320K | $355K | +10.9% |
| 5+ Bedrooms | $370K | $385K | +4.1% |
Summary: Parkville 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 increased by 9.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Towson | $390K | $431.8K | +10.7% |
| Parkville | $273K | $299.9K | +9.9% |
| Nottingham | $289K | $301.3K | +4.3% |
| Baltimore | $215K | $220K | +2.3% |
Housing Supply in Parkville, MD
How many homes are available in Parkville, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 162 | 172 | +6.2% |
Summary: The Parkville real estate market had 172 homes for sale in April 2024, a 6.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 93 | 93 | 0.0% |
| 4 Bedrooms | 40 | 50 | +25.0% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Parkville 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 47 | -26.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkville, you could pay more than the asking price. 51.1% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Parkville in April 2024, down by 26.6% month-over-month. Of the 47 sold homes, 15% were sold under asking, 34% were sold at asking, and 51% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 20 Days | +8.5% |
Summary: Homes in Parkville had an average of 20 days on market in Apr 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
6 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 April 2024, 47 homes were sold in Parkville; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
