Julie Stevenson

Saint Michaels, MD 21663

Single-Family Homes

Shore Living By Design



Saint Michaels, MD 21663

Mon Jun 17 2019
This week the median list price for Saint Michaels, MD 21663 is $644,950 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 58. 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 has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Saint Michaels, MD 21663

Mon Jun 17 2019
This week the median list price for Saint Michaels, MD 21663 is $644,950 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 58. 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 has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Saint Michaels market.
Median List Price $644,950
Per Square Foot $285
Days on Market 147
Price Decreased 28%
Price Increased 0%
Relisted 5%
Inventory 58
Median House Rent
Most Expensive $4,900,000
Least Expensive $189,000
Market Action Index
Slight Buyer's Advantage
28

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$2,112,500 4,485 5 - 10 acres 4 4 56 0 0 167
$862,450 3,040 1 - 2.5 acres 3 3 51 0 0 226
$540,000 2,282 8,000 - 10,000 sqft 3 2 39 1 1 130
$349,000 1,732 0.25 - 0.5 acre 3 2 37 1 1 72