$2,316 Closing Credit*
$195,000
1,620 SqFt
4 Beds
•2 Full Baths
Kimberly R Fennoy, Listing Office: Elite Realty Services, LLC
Is Howard Park, 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, Howard Park was a Seller's Market.
Key Takeaway
Howard Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Howard Park, MD
How much do homes in Howard Park, MD cost?
Median Sold Price
$255,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,000(-7.3%)
Key Takeaway
Homes in Howard Park have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Howard Park was $255,000 in October 2024, down 7.3% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $200K | N/A |
| 2 Bedrooms | $160K | $150K | -6.3% |
| 3 Bedrooms | $190K | $210K | +10.5% |
| 4 Bedrooms | $286K | $327.4K | +14.5% |
| 5+ Bedrooms | $340K | $295K | -13.2% |
Summary: Howard Park 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 6.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 13.2%.
Housing Supply in Howard Park, MD
How many homes are available in Howard Park, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Summary: The Howard Park real estate market had 27 homes for sale in October 2024, a 28.6% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Howard Park 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Howard Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Howard Park in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Howard Park, MD
How long does it take to sell a home in Howard Park, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 6 Days | -88.8% |
Summary: Homes in Howard Park had an average of 6 days on market in Oct 2024, down by 88.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Howard Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Howard Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
