$1,899 Closing Credit*
$159,900
3 Beds
•2 Full Baths
Robert A. Griffin Jr., Listing Office: Reliance Realty, LLC
Is Park Circle, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Park Circle has remained a Seller's Market.
Key Takeaway
Park Circle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Park Circle, MD
How much do homes in Park Circle, MD cost?
Median Sold Price
$176,500
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$49,000(+38.4%)
Key Takeaway
Homes in Park Circle have sold for 38.4% more than they did a year ago.
Summary: The median home sold price in Park Circle was $176,500 in December 2024, up 38.4% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $47.1K | - | N/A |
| 3 Bedrooms | $125.2K | $79.7K | -36.3% |
| 4 Bedrooms | $151K | $207K | +37.1% |
| 5+ Bedrooms | $175K | $260K | +48.6% |
Summary: Park Circle housing prices by bedroom type for December 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 decreased by 36.3%, 4 bedroom homes increased by 37.1%, and 5+ bedroom homes increased by 48.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Park Circle | $127.5K | $176.5K | +38.4% |
| Greenspring | $157K | $184.9K | +17.8% |
Housing Supply in Park Circle, MD
How many homes are available in Park Circle, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The Park Circle real estate market had 27 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Park Circle housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Park Circle, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Park Circle in December 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Park Circle, MD
How long does it take to sell a home in Park Circle, MD?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 81 Days | 42 Days | -47.8% |
Summary: Homes in Park Circle had an average of 42 days on market in Dec 2024, down by 47.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Park Circle are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in Park Circle; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
