Altos Research

Elkridge, MD

Single-Family Homes

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



Elkridge, MD

Fri Jul 19 2019
This week the median list price for Elkridge, MD is $434,450 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 34. 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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Elkridge, MD

Fri Jul 19 2019
This week the median list price for Elkridge, MD is $434,450 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 34. 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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Elkridge market.
Median List Price $434,450
Per Square Foot $185
Days on Market 168
Price Decreased 24%
Price Increased 18%
Relisted 6%
Inventory 34
Median House Rent $2,200
Most Expensive $824,990
Least Expensive $48,000
Market Action Index
Strong Seller's Market
46

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
$704,990 3,088 0.25 - 0.5 acre 4 2 0 0 2 386
$524,450 3,111 0.25 - 0.5 acre 4 2 8 0 3 170
$394,900 2,100 4,500 - 6,500 sqft 4 3 20 2 1 109
$279,000 1,616 0 - 4,500 sqft 3 2 18 2 1 32