$1,484 Closing Credit*
$125,000
3 Beds
•1 Full Bath
Charles W Barnett, Listing Office: Samson Properties
Is Central Park Heights, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Central Park Heights was a Seller's Market.
Key Takeaway
Central Park Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Park Heights, MD
How much do homes in Central Park Heights, MD cost?
Median Sold Price
$100,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,000(-9.9%)
Key Takeaway
Homes in Central Park Heights have sold for 9.9% less than they did a year ago.
Summary: The median home sold price in Central Park Heights was $100,000 in October 2024, down 9.9% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $88.5K | $52K | -41.2% |
| 3 Bedrooms | $113K | $106K | -6.2% |
| 4 Bedrooms | $162K | $175K | +8.0% |
| 5+ Bedrooms | $108K | $115.5K | +6.9% |
Summary: Central Park Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.2%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Greenspring | $117K | $199.9K | +70.9% |
| Cylburn | $219.5K | $240K | +9.3% |
| Central Park Heights | $111K | $100K | -9.9% |
Housing Supply in Central Park Heights, MD
How many homes are available in Central Park Heights, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 44 | +7.3% |
Summary: The Central Park Heights real estate market had 44 homes for sale in October 2024, a 7.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Central Park Heights housing inventory by bedroom type for October 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 increased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Park Heights, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Central Park Heights in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Central Park Heights, MD
How long does it take to sell a home in Central Park Heights, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 28 Days | +38.9% |
Summary: Homes in Central Park Heights had an average of 28 days on market in Oct 2024, up by 38.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Central Park Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Central Park Heights; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
