Altos Market Data for Realtors

Damascus, MD

Single-Family Homes

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Damascus, MD

Mon Dec 09 2019
This week the median list price for Damascus, MD is $487,450 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 26. Click here to stay informed with the Damascus market!

Market Action Index

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

Slight Seller's Advantage

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.

Damascus, MD

Mon Dec 09 2019
This week the median list price for Damascus, MD is $487,450 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 26. Click here to stay informed with the Damascus market!

Market Action Index

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

Slight Seller's Advantage

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 Damascus market.
Median List Price $487,450
Per Square Foot $214
Days on Market 129
Price Decreased 31%
Price Increased 4%
Relisted 12%
Inventory 26
Median Rent $2,900
Most Expensive $704,000
Least Expensive $259,900
Market Action 36
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$634,950 4,577 0.25 - 0.5 acre 4 3 18 2 1 220
$569,994 2,620 0.5 - 1 acre 4 2 47 0 0 70
$469,900 2,188 0.5 - 1 acre 4 2 47 0 0 106
$367,000 1,319 0.25 - 0.5 acre 3 2 57 0 2 125