Altos Market Data for Realtors

Lanham, MD

Single-Family Homes

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Lanham, MD

Tue Nov 24 2020
This week the median list price for Lanham, MD is $399,900 with the market action index hovering around 92. This is about the same as last month's market action index of 92. Inventory has held steady at or around 14. Click here to stay informed with the Lanham market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Lanham, MD

Tue Nov 24 2020
This week the median list price for Lanham, MD is $399,900 with the market action index hovering around 92. This is about the same as last month's market action index of 92. Inventory has held steady at or around 14. Click here to stay informed with the Lanham market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Lanham market.
Median List Price $399,900
Per Square Foot $240
Days on Market 18
Price Decreased 14%
Price Increased 0%
Relisted 0%
Inventory 14
Median Rent $1,400
Most Expensive $475,000
Least Expensive $300,000
Market Action 92
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change 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
$460,000 2,739 8,000 - 10,000 sqft 4 3 53 2 1 7
$419,900 1,773 8,000 - 10,000 sqft 4 2 51 1 0 7
$389,900 1,156 6,500 - 8,000 sqft 4 2 59 0 2 47
$354,950 1,244 8,000 - 10,000 sqft 4 2 59 2 3 5