Altos Research

Elkridge, MD

Single-Family Homes

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



Elkridge, MD

Tue Mar 26 2019
This week the median list price for Elkridge, MD is $414,900 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 35. Click here to stay informed with the Elkridge 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

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.

Elkridge, MD

Tue Mar 26 2019
This week the median list price for Elkridge, MD is $414,900 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 35. Click here to stay informed with the Elkridge 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

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 Elkridge market.
Median List Price $414,900
Per Square Foot $201
Days on Market 132
Price Decreased 14%
Price Increased 9%
Relisted 6%
Inventory 35
Median House Rent $2,250
Most Expensive $724,900
Least Expensive $55,000
Market Action Index
Slight Seller's Advantage
38

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
$684,990 2,762 0.25 - 0.5 acre 4 3 1 1 0 329
$469,000 2,129 8,000 - 10,000 sqft 4 3 1 1 0 88
$349,900 1,856 4,500 - 6,500 sqft 3 4 19 2 3 85
$279,000 1,267 0 - 4,500 sqft 3 2 27 3 1 48