Altos Research

Derwood, MD

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Derwood, MD

Fri Jul 19 2019
This week the median list price for Derwood, MD is $675,000 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has held steady at or around 34. Click here to stay informed with the Derwood 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 Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Derwood, MD

Fri Jul 19 2019
This week the median list price for Derwood, MD is $675,000 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has held steady at or around 34. Click here to stay informed with the Derwood 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 Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Derwood market.
Median List Price $675,000
Per Square Foot $166
Days on Market 91
Price Decreased 47%
Price Increased 3%
Relisted 9%
Inventory 34
Median House Rent $2,300
Most Expensive $1,300,000
Least Expensive $335,700
Market Action Index
Slight Seller's Advantage
40

The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.

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
$985,000 6,808 1 - 2.5 acres 4 4 20 1 0 113
$774,350 4,304 1 - 2.5 acres 5 4 29 0 0 140
$639,000 3,874 0.5 - 1 acre 5 3 32 2 1 70
$490,000 2,483 0.25 - 0.5 acre 4 3 52 1 1 49