$4,333 Closing Credit*
$364,900
2,126 SqFt
4 Beds
•2 Full Baths
Nikolay Todorov, Listing Office: Taylor Properties
Is Parkville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$304,562
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,262(+5.6%)
Key Takeaway
Homes in Parkville have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Parkville was $304,562 in November 2024, up 5.6% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $160K | -37.3% |
| 2 Bedrooms | $210.5K | $213K | +1.2% |
| 3 Bedrooms | $265K | $285K | +7.5% |
| 4 Bedrooms | $350K | $360K | +2.9% |
| 5+ Bedrooms | $372.5K | $402.5K | +8.1% |
Summary: Parkville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.3%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Nottingham | $292.5K | $329.9K | +12.8% |
| Parkville | $288.3K | $304.5K | +5.6% |
| Towson | $435K | $458K | +5.3% |
| Baltimore | $219.2K | $225.7K | +3.0% |
| Glen Arm | $605K | $605K | 0.0% |
Housing Supply in Parkville, MD
How many homes are available in Parkville, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 221 | 209 | -5.4% |
Summary: The Parkville real estate market had 209 homes for sale in November 2024, a 5.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 130 | 118 | -9.2% |
| 4 Bedrooms | 59 | 58 | -1.7% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Parkville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 63 | -4.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkville, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 63 homes were sold or pending in Parkville in November 2024, down by 4.5% month-over-month. Of the 63 sold homes, 30% were sold under asking, 17% were sold at asking, and 52% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 21 Days | +32.5% |
Summary: Homes in Parkville had an average of 21 days on market in Nov 2024, up by 32.5% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Parkville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 63 homes were sold in Parkville; 86% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
