Parkville, MD 21234 Real Estate Market Report

ZIP Code: 21234
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the Parkville, MD real estate market reflects a median sold price of $299,950, indicating a stable market despite a down trend in prices year-over-year. This suggests a potential adjustment in buyer expectations as the market navigates elevated borrowing costs and affordability challenges. The median days on market stands at 130, indicating a slower sales velocity, which may be attributed to the current economic climate and buyer hesitance due to interest rate pressures.

The market is characterized by elevated inventory levels, with a notable gap between the median listing price of $329,999 and the median sold price. This discrepancy suggests potential pricing friction, as sellers may need to recalibrate their expectations to align with buyer sentiment. Overall, the market appears to be experiencing a period of adjustment, with strong rental demand continuing to provide a counterbalance to the cooling sales activity.

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Parkville MD average around 6.01% to 6.375% as of February 2026, which is notably lower than the 6.85% average seen a year prior.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $299,950 indicates a stable market, despite a down trend in prices year-over-year.

2. With 130 days on market, the sales velocity is slower, suggesting potential buyer hesitance amid elevated interest rate pressure.

3. The median listing price of $329,999 reflects a significant gap compared to the sold price, indicating potential pricing friction for sellers.

4. Rental demand remains strong, with the median market rent at $2,009, showing resilience in the rental sector despite cooling sales activity.

5. The market temperature is currently neutral, suggesting balanced conditions with no clear advantage for buyers or sellers.

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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.