PARKVILLE HOUSING MARKET DATA

There was a decrease in total units sold in March, with 46 sold this month in Parkville Real Estate versus 52 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 29% versus March 2024.

Versus last year, the total number of homes available this month is lower by 2 units or 2%. The total number of active inventory this March was 84 compared to 86 in March 2024. This month's total of 84 is lower than the previous month's total supply of available inventory of 87, a decrease of 3%.

Last March, the median sale price for Parkville Homes was $292,000. This March, the median sale price was $309,950, an increase of 6% or $17,950 compared to last year. The current median sold price is 2% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In March, there was 1.8 months of supply available in Parkville, compared to 1.3 in March 2024. That is an increase of 38% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 75 homes newly listed for sale in Parkville compared to 76 in March 2024, a decrease of 1%. There were 65 current contracts pending sale this March compared to 61 a year ago. The number of current contracts is 7% higher than last March.

In March, the average sale price in Parkville was 99.2% of the average list price, which is 2.3% lower than at this time last year.

This month, the average number of days on market was 36, higher than the average last year, which was 15, an increase of 140%.





FOCUS ON: PARKVILLE HOUSING MARKET			MARCH 2025

Zip Code(s): 21234
Units Sold 46	Active Inventory 84	Median Sale Price $309,950	Days On Market 36

Down -29% Vs. Year Ago	Down -2% Vs. Year Ago	Up 6% Vs. Year Ago	Up 140% Vs. Year Ago


		Units Sold There was a decrease in total units sold in March, with 46 sold this month in Parkville Real Estate versus 52 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 29% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 2 units or 2%. The total number of active inventory this March was 84 compared to 86 in March 2024. This month's total of 84 is lower than the previous month's total supply of available inventory of 87, a decrease of 3%.
		Median Sale Price Last March, the median sale price for Parkville Homes was $292,000. This March, the median sale price was $309,950, an increase of 6% or $17,950 compared to last year. The current median sold price is 2% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 75	Current Contracts 65	Sold Vs. List Price 99.2%	Months of Supply 1.8

Down -1% Vs. Year Ago	Up 7% Vs. Year Ago	Down -2.3% Vs. Year Ago	Up 39% Vs. Year Ago


		Months of Supply In March, there was 1.8 months of supply available in Parkville, compared to 1.3 in March 2024. That is an increase of 38% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 75 homes newly listed for sale in Parkville compared to 76 in March 2024, a decrease of 1%. There were 65 current contracts pending sale this March compared to 61 a year ago. The number of current contracts is 7% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Parkville was 99.2% of the average list price, which is 2.3% lower than at this time last year. Days on Market This month, the average number of days on market was 36, higher than the average last year, which was 15, an increase of 140%.


	Parkville are defined as properties listed in zip code/s 21234.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.