Sun May 16 2021
This week the median list price for Burtonsville, MD is $610,000 with the market action index hovering around 55. This is an increase over last month's market action index of 45. Inventory has increased to 4.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$610,000|
|Median Price of New Listings||$610,000|
|Per Square Foot||$189|
|Average Days on Market||16|
|Median Days on Market||4|
|Strong Seller's Market|
This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a change in the market.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,000,000||1,890||1 - 2.5 acres||3||1||88||0||0||56|
|$795,000||5,287||1 - 2.5 acres||5||3||35||1||0||0|
|$425,000||2,014||1 - 2.5 acres||3||2||85||1||1||0|
|$329,999||1,976||0.25 - 0.5 acre||3||1||67||0||0||7|