$3,004 Closing Credit*
$253,000
3 Beds
•3 Full Baths
Jasmine Trammell, Listing Office: ExecuHome Realty
Is Park Circle, 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, Park Circle was a Seller's Market.
Key Takeaway
Park Circle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Park Circle, MD
How much do homes in Park Circle, MD cost?
Median Sold Price
$170,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,625(+21.1%)
Key Takeaway
Homes in Park Circle have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Park Circle was $170,000 in October 2024, up 21.1% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $47.1K | - | N/A |
| 3 Bedrooms | $135K | $85K | -37.0% |
| 4 Bedrooms | $155K | $210K | +35.5% |
| 5+ Bedrooms | $120K | $275K | +129.2% |
Summary: Park Circle 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 did not change, 3 bedroom homes decreased by 37%, 4 bedroom homes increased by 35.5%, and 5+ bedroom homes increased by 129.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Greenspring | $117K | $199.9K | +70.9% |
| Park Circle | $140.3K | $170K | +21.1% |
Housing Supply in Park Circle, MD
How many homes are available in Park Circle, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Summary: The Park Circle real estate market had 25 homes for sale in October 2024, a 25.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Park Circle 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 18.2%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Park Circle, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Park Circle in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 5 Days | -79.4% |
Summary: Homes in Park Circle had an average of 5 days on market in Oct 2024, down by 79.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Park Circle are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Park Circle; 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.
