Altos Market Data for Realtors

Elkridge, MD

Single-Family Homes

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Elkridge, MD

Sun May 16 2021
This week the median list price for Elkridge, MD is $587,000 with the market action index hovering around 78. This is an increase over last month's market action index of 69. Inventory has decreased to 10. Click here to stay informed with the Elkridge market!

Market Action Index

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

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Elkridge, MD

Sun May 16 2021
This week the median list price for Elkridge, MD is $587,000 with the market action index hovering around 78. This is an increase over last month's market action index of 69. Inventory has decreased to 10. Click here to stay informed with the Elkridge market!

Market Action Index

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

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Elkridge market.
Median List Price $587,000
Median Price of New Listings $685,000
Per Square Foot $209
Average Days on Market 80
Median Days on Market 7
Price Decreased 30%
Price Increased 10%
Relisted 0%
Inventory 10
Median Rent $2,025
Market Action 78
Strong Seller's Market

The market has been on a downward trend recently 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
$735,000 3,877 0.25 - 0.5 acre 5 4 13 1 0 3
$642,250 3,577 8,000 - 10,000 sqft 4 3 11 1 0 175
$585,000 2,000 8,000 - 10,000 sqft 4 3 20 1 1 7
$349,950 1,700 4,500 - 6,500 sqft 3 3 21 0 2 35