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Featured local agent — Parkville, MD
Sarah Mitchell
Compass Real Estate · Parkville, MD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Parkville, MD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$272,500median sale price
How is the Parkville, MD housing market right now?
The median home sale price in Parkville, MD is $272,500, down 9.2% year-over-year. Homes sell in an average of 22 days with 54 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Parkville a buyer's or seller's market?
Parkville, MD is currently a strong seller's market, based on 1.6 months of supply and homes selling in about 22 days. How we determine this →
Homes sold
34
Last 12 weeks
Days on market
22
Average pace
Active listings
54
1.6 months supply
Sale-to-list
101.2%
Above asking
What does the Parkville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $272,500 |
| Median list price | $299,900 |
| Year-over-year price change | -9.2% |
| Average days on market | 22 days |
| Active inventory | 54 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 101.2% |
| Median price per sq ft | $195/sq ft |
| Homes sold (latest month) | 34 |
| New listings (latest month) | 49 |
| Listings with a price cut | 20.4% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Parkville by property type?
How the Parkville, MD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $310,000 | $207/sq ft | 16 | 18 days |
| Condo / Co-op | $145,000 | $140/sq ft | 1 | 20 days |
| Townhouse | $252,500 | $177/sq ft | 18 | 30 days |
Source: Redfin · Updated monthly
The Parkville housing market is currently classified as a strong seller's market with a median sale price of $272,500. Prices have fallen 9.2% compared to last year, with homes spending an average of 22 days on market, indicating 1.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Parkville
There are currently 54 homes listed for sale in Parkville, Maryland. The median listing price is $300K.
Active listings
54
Homes on market
Median list price
$300K
Avg. days on market
22
Days until sale
New this week
49
Newly listed
Who lives in Parkville?
Population
30,423
Median income
$78,405/yr
Median age
38.4 years
Owner-occupied
63.1%
College grads
33.5%
Avg commute
27.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Parkville?
Zillow home value
$287,866
Zillow rent index
$1,624/mo
Price-to-rent ratio
14.8x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Parkville?
Parkville is a community of approximately 30K residents with a median age of 38.4 years.The median household income is $78,405, which reflects a relatively affluent area with strong earning potential. 33.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 63.1%, showing a blend of owner and renter-occupied properties. The average commute time is 27.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Parkville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Parkville?
1 schools tracked · 57 students
The largest public schools serving Parkville, MD by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
White Oak School
Grades PK-5 · 57 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Parkville, MD?
Want a head-to-head view? Compare Parkville side-by-side with any other U.S. city using our market-comparison tool.
Is Parkville a good real estate investment market?
For investors evaluating Parkville, the price-to-rent ratio of 14.8x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 9.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Parkville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Parkville's median home price.
Frequently asked questions
What is the average home price in Parkville?
The median home sale price in Parkville is $272,500, down 9.2% from last year.
How long do homes stay on market in Parkville?
Homes typically spend 22 days on market before going under contract.
What is the median income in Parkville?
The median household income is $78,405 per year.
Is Parkville a buyer's or seller's market?
With 1.6 months of supply, Parkville is currently a strong seller's market.
What is the Zillow home value estimate for Parkville?
The Zillow Home Value Index (ZHVI) for Parkville is $287,866, representing the typical home value in the area.
What is the median condo price in Parkville?
The median condo/co-op sale price in Parkville, MD is $145,000, compared to $310,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Parkville?
The median single-family home price in Parkville, MD is $310,000 (about $207 per square foot).
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