Altos Market Data for Realtors

Elkridge, MD

Single-Family Homes

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Elkridge, MD

Tue Oct 27 2020
This week the median list price for Elkridge, MD is $635,000 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has held steady at or around 23. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 Oct 27 2020
This week the median list price for Elkridge, MD is $635,000 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has held steady at or around 23. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 $635,000
Per Square Foot $204
Days on Market 103
Price Decreased 39%
Price Increased 43%
Relisted 22%
Inventory 23
Median Rent $2,200
Most Expensive $825,000
Least Expensive $95,000
Market Action 49
Strong Seller's Market

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
$739,990 6,146 0.5 - 1 acre 4 3 0 0 0 92
$659,450 2,582 6,500 - 8,000 sqft 4 3 0 0 0 73
$614,500 3,073 0.25 - 0.5 acre 4 4 10 1 2 94
$359,950 1,680 0.25 - 0.5 acre 3 3 14 1 4 151