Altos Market Data for Realtors

Lanham, MD

Single-Family Homes

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Lanham, MD

Tue May 18 2021
This week the median list price for Lanham, MD is $407,750 with the market action index hovering around 85. This is less than last month's market action index of 87. Inventory has increased to 28. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Lanham, MD

Tue May 18 2021
This week the median list price for Lanham, MD is $407,750 with the market action index hovering around 85. This is less than last month's market action index of 87. Inventory has increased to 28. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Lanham market.
Median List Price $407,750
Median Price of New Listings $395,000
Per Square Foot $277
Average Days on Market 10
Median Days on Market 0
Price Decreased 21%
Price Increased 4%
Relisted 0%
Inventory 28
Median Rent $1,550
Market Action 85
Strong Seller's Market

The market is 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
$569,000 2,804 0.25 - 0.5 acre 5 3 25 1 1 14
$425,000 1,478 0.25 - 0.5 acre 4 3 55 6 3 0
$380,000 1,296 6,500 - 8,000 sqft 3 2 60 5 4 0
$350,000 1,008 6,500 - 8,000 sqft 4 2 57 4 2 0