$3,383 Closing Credit*
$284,900
1,287 SqFt
2 Beds
•2 Full Baths, 1 Partial
Brandon Anthony Jones, Listing Office: Realty One Group Universal
Is Patterson Park, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Patterson Park was a Seller's Market.
Key Takeaway
Patterson Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Patterson Park, MD
How much do homes in Patterson Park, MD cost?
Median Sold Price
$292,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,000(+2.1%)
Key Takeaway
Homes in Patterson Park have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Patterson Park was $292,000 in November 2024, up 2.1% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $288.7K | N/A |
| 2 Bedrooms | $251.7K | $253K | 0.5% |
| 3 Bedrooms | $315K | $305K | -3.2% |
| 4 Bedrooms | $418.7K | $379.5K | -9.4% |
| 5+ Bedrooms | $345K | - | N/A |
Summary: Patterson Park 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 increased by 0.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Patterson Place | $284.9K | $312K | +9.5% |
| Highlandtown | $320K | $330K | +3.1% |
| Patterson Park | $286K | $292K | +2.1% |
| McElderry Park | $129.9K | $125K | -3.8% |
Housing Supply in Patterson Park, MD
How many homes are available in Patterson Park, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 41 | -2.4% |
Summary: The Patterson Park real estate market had 41 homes for sale in November 2024, a 2.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Patterson Park 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 28.6%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Patterson Park, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Patterson Park in November 2024, down by 60.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Patterson Park, MD
How long does it take to sell a home in Patterson Park, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 57 Days | +118.4% |
Summary: Homes in Patterson Park had an average of 57 days on market in Nov 2024, up by 118.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Patterson Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Patterson Park; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
