$4,036 Closing Credit*
$339,900
1,366 SqFt
4 Beds
•2 Full Baths
Lois Margaret Alberti, Listing Office: Alberti Realty, LLC
Is Parkville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$305,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+8.9%)
Key Takeaway
Homes in Parkville have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Parkville was $305,000 in October 2024, up 8.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $160K | -37.3% |
| 2 Bedrooms | $211K | $213K | +0.9% |
| 3 Bedrooms | $261K | $285.7K | +9.5% |
| 4 Bedrooms | $345K | $360K | +4.3% |
| 5+ Bedrooms | $375K | $392.9K | +4.8% |
Summary: Parkville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Nottingham | $292.5K | $320K | +9.4% |
| Parkville | $280K | $305K | +8.9% |
| Baltimore | $218K | $224.9K | +3.2% |
| Glen Arm | $590K | $605K | +2.5% |
| Towson | $440.7K | $440.3K | -0.1% |
Housing Supply in Parkville, MD
How many homes are available in Parkville, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 213 | 233 | +9.4% |
Summary: The Parkville real estate market had 233 homes for sale in October 2024, a 9.4% 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 | 12 | 14 | +16.7% |
| 3 Bedrooms | 122 | 137 | +12.3% |
| 4 Bedrooms | 59 | 62 | +5.1% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Parkville 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 increased by 16.7%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 64 | -12.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkville, you could pay more than the asking price. 54.7% of homes here sold above asking price last month.
Summary: A total of 64 homes were sold or pending in Parkville in October 2024, down by 12.3% month-over-month. Of the 64 sold homes, 25% were sold under asking, 20% were sold at asking, and 55% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 21 Days | +85.2% |
Summary: Homes in Parkville had an average of 21 days on market in Oct 2024, up by 85.2% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 64 homes were sold in Parkville; 77% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
