$3,086 Closing Credit*
$259,900
960 SqFt
2 Beds
•1 Full Bath
Vernise Bolden, 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 October 2023
Since last year, Patterson Park has remained a Seller's Market.
Key Takeaway
Patterson Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Patterson Park, MD
How much do homes in Patterson Park, MD cost?
Median Sold Price
$290,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,000(+1.4%)
Key Takeaway
Homes in Patterson Park have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Patterson Park was $290,000 in October 2024, up 1.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $288.7K | N/A |
| 2 Bedrooms | $252.5K | $252.7K | 0.1% |
| 3 Bedrooms | $310K | $305K | -1.6% |
| 4 Bedrooms | $437.5K | $379.5K | -13.3% |
| 5+ Bedrooms | $345K | - | N/A |
Summary: Patterson Park 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 increased by 0.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Highlandtown | $320K | $330K | +3.1% |
| Patterson Place | $291.2K | $300K | +3.0% |
| Patterson Park | $286K | $290K | +1.4% |
| McElderry Park | $130K | $125K | -3.8% |
| Ellwood Park / Monument | $115K | $105K | -8.7% |
Housing Supply in Patterson Park, MD
How many homes are available in Patterson Park, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 49 | +22.5% |
Summary: The Patterson Park real estate market had 49 homes for sale in October 2024, a 22.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Patterson Park 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 21.4%, 3 bedroom homes increased by 27.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 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. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Patterson Park in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 19 Days | -38.3% |
Summary: Homes in Patterson Park had an average of 19 days on market in Oct 2024, down by 38.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Patterson Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Patterson Park; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
