Altos Market Data for Realtors
Elkridge, MD
Single-Family Homes
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Elkridge, MD
Fri Apr 03 2020
This week the median list price for Elkridge, MD is $545,000 with the market action index hovering around 51. This is an increase over last month's market action index of 44. Inventory has held steady at or around 19.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $545,000 | |
| Per Square Foot | $209 | |
| Days on Market | 54 | |
| Price Decreased | 16% | |
| Price Increased | 5% | |
| Relisted | 0% | |
| Inventory | 19 | |
| Median Rent | $2,025 | |
| Most Expensive | $889,990 | |
| Least Expensive | $40,000 | |
| Market Action | 51 | |
| Strong Seller's Market | ||
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $735,490 | 2,991 | 0.5 - 1 acre | 4 | 3 | 0 | 0 | 1 | 77 |
| $600,000 | 3,128 | 0.5 - 1 acre | 5 | 4 | 21 | 1 | 2 | 65 |
| $439,999 | 2,500 | 0.25 - 0.5 acre | 4 | 3 | 33 | 2 | 4 | 18 |
| $174,900 | 1,323 | 4,500 - 6,500 sqft | 3 | 2 | 33 | 1 | 1 | 60 |