Altos Research

Edgewood, MD

Single-Family Homes

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



Edgewood, MD

Sat Sep 22 2018
This week the median list price for Edgewood, MD is $200,000 with the market action index hovering around 40. This is less than last month's market action index of 48. Inventory has held steady at or around 27. Click here to stay informed with the Edgewood 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Edgewood, MD

Sat Sep 22 2018
This week the median list price for Edgewood, MD is $200,000 with the market action index hovering around 40. This is less than last month's market action index of 48. Inventory has held steady at or around 27. Click here to stay informed with the Edgewood 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Edgewood market.
Median List Price $200,000
Per Square Foot $125
Days on Market 81
Price Decreased 48%
Price Increased 4%
Relisted 26%
Inventory 27
Median House Rent $1,095
Most Expensive $685,000
Least Expensive $26,000
Market Action Index
Slight Seller's Advantage
40

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
$319,950 2,224 6,500 - 8,000 sqft 4 3 18 0 0 91
$249,000 2,023 6,500 - 8,000 sqft 4 3 43 0 1 99
$199,900 1,193 4,500 - 6,500 sqft 3 2 41 0 2 75
$79,000 0 0.25 - 0.5 acre 3 2 30 1 1 63