Parkville, MD 21234 Real Estate Market Report

ZIP Code: 21234
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The neighborhood's median sold price is $310,000, which serves as the primary indicator of recent market value and realized transactions and aligns with broader signals that prices are up.

2. There is a meaningful gap between the median listing price of $344,450 and the median sold price of $310,000, which may indicate pricing friction where seller expectations exceed recent transaction levels and could slow deal closures if listings are not adjusted. moderate pricing gap.

3. Liquidity appears protracted: the median days on market of 161 points to slower sales velocity relative to fast-moving markets and suggests buyers may be exercising greater selectivity or that some price adjustments are needed to accelerate transactions. slower transaction velocity.

4. Market fundamentals show a median price per square foot of $219 and a median market rent of $1,862, while the market is classified as hot and rent trends are up. Elevated interest rate pressure is present (elevated), which may temper buyer capacity even as the market temperature remains hot.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Parkville, MD 21234 Real Estate Market Report

ZIP Code: 21234
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The primary market-value signal is the median sold price of 200,000, which, combined with a hot market temperature and a price up year-over-year trend, signals appreciation pressure that sellers can cite when setting expectations.

2. The median days on market of 332 suggests slower sales velocity than the market temperature implies and may indicate pricing friction or mismatch between seller expectations and buyer financing constraints.

3. With a median price per square foot of 191 alongside a median market rent of 1,233 and a rent up year-over-year trend, valuation per square foot appears supported by rising rents, so investors and pricing strategies should account for persistent rental demand.

4. Buyer sensitivity is an important constraint: observed elevated interest rate pressure should be factored into pricing and time-on-market assumptions; the analysis is based on a sample of 109 sold properties, which provides medium-high confidence for local tactical decisions.

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Notable Properties

The following 7 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.