Julie Stevenson

Saint Michaels, MD 21663

Single-Family Homes

Shore Living By Design



Saint Michaels, MD 21663

Fri Aug 23 2019
This week the median list price for Saint Michaels, MD 21663 is $742,500 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 50. Click here to stay informed with the Saint Michaels market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Fri Aug 23 2019
This week the median list price for Saint Michaels, MD 21663 is $742,500 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 50. Click here to stay informed with the Saint Michaels market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $742,500
Per Square Foot $299
Days on Market 177
Price Decreased 20%
Price Increased 0%
Relisted 8%
Inventory 50
Median House Rent
Most Expensive $4,900,000
Least Expensive $179,000
Market Action Index
Slight Buyer's Advantage
26

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$2,222,500 4,126 5 - 10 acres 4 4 50 0 0 197
$924,500 2,837 1 - 2.5 acres 3 3 41 0 1 159
$610,000 2,459 1 - 2.5 acres 3 3 46 1 0 191
$455,000 1,880 0.25 - 0.5 acre 3 2 33 1 1 161