Altos Market Data for Realtors

Parkton, MD

Single-Family Homes

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Parkton, MD

Thu Apr 25 2024
This week the median list price for Parkton, MD is $704,450 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 10. Click here to stay informed with the Parkton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Parkton, MD

Thu Apr 25 2024
This week the median list price for Parkton, MD is $704,450 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 10. Click here to stay informed with the Parkton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Parkton market.
Median List Price $704,450
Median Price of New Listings $0
Per Square Foot $168
Average Days on Market 87
Median Days on Market 32
Price Decreased 40%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 43
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,881,500 9,128 N/A 6 5 15 0 0 150
$774,500 4,657 1 - 2.5 acres 4 3.8 33 0 1 73
$699,000 5,062 1 - 2.5 acres 4 3 37 0 0 28
$499,900 4,284 1 - 2.5 acres 4 2.5 96 0 0 35