$8,301 Closing Credit*
$699,000
1,616 SqFt
2 Beds
•2 Full Baths
Dustin Oldfather, Listing Office: Compass
Is Parole, 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, Parole has remained a Seller's Market.
Key Takeaway
Parole is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parole, MD
How much do homes in Parole, MD cost?
Median Sold Price
$565,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+7.6%)
Key Takeaway
Homes in Parole have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Parole was $565,000 in November 2024, up 7.6% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $351K | N/A |
| 2 Bedrooms | $410K | $410K | 0.0% |
| 3 Bedrooms | $560K | $582.7K | +4.1% |
| 4 Bedrooms | $760.7K | $800K | +5.2% |
| 5+ Bedrooms | $987.5K | $925K | -6.3% |
Summary: Parole housing prices by bedroom type for November 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 increased by 4.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in Parole, MD
How many homes are available in Parole, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 94 | +9.3% |
Summary: The Parole real estate market had 94 homes for sale in November 2024, a 9.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 31 | 39 | +25.8% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Parole 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 increased by 25.8%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parole, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Parole in November 2024, up by 8.7% month-over-month. Of the 25 sold homes, 56% were sold under asking, 32% were sold at asking, and 12% were sold over asking.
Days on Market for Parole, MD
How long does it take to sell a home in Parole, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 30 Days | +116.8% |
Summary: Homes in Parole had an average of 30 days on market in Nov 2024, up by 116.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Parole are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in Parole; 52% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
