Julie Stevenson

Saint Michaels, MD 21663

Single-Family Homes

Shore Living By Design



Saint Michaels, MD 21663

Wed Oct 23 2019
This week the median list price for Saint Michaels, MD 21663 is $689,000 with the market action index hovering around 23. This is less than last month's market action index of 25. Inventory has held steady at or around 50. Click here to stay informed with the Saint Michaels market!

Market Action Index

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

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Saint Michaels, MD 21663

Wed Oct 23 2019
This week the median list price for Saint Michaels, MD 21663 is $689,000 with the market action index hovering around 23. This is less than last month's market action index of 25. Inventory has held steady at or around 50. Click here to stay informed with the Saint Michaels market!

Market Action Index

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

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Saint Michaels market.
Median List Price $689,000
Per Square Foot $290
Days on Market 199
Price Decreased 40%
Price Increased 0%
Relisted 8%
Inventory 50
Median House Rent $1,900
Most Expensive $4,200,000
Least Expensive $174,900
Market Action Index
Slight Buyer's Advantage
23

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$2,545,000 5,714 5 - 10 acres 4 4 82 0 1 191
$1,047,000 2,799 1 - 2.5 acres 4 3 40 0 0 265
$549,000 2,300 0.25 - 0.5 acre 3 2 32 1 0 252
$325,000 1,518 0.25 - 0.5 acre 3 2 32 2 1 91