Altos Market Data for Realtors

Elkridge, MD

Single-Family Homes

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Elkridge, MD

Mon Dec 09 2019
This week the median list price for Elkridge, MD is $479,749 with the market action index hovering around 49. This is an increase over last month's market action index of 43. Inventory has held steady at or around 24. 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

Mon Dec 09 2019
This week the median list price for Elkridge, MD is $479,749 with the market action index hovering around 49. This is an increase over last month's market action index of 43. Inventory has held steady at or around 24. 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 $479,749
Per Square Foot $192
Days on Market 99
Price Decreased 63%
Price Increased 0%
Relisted 0%
Inventory 24
Median Rent $2,150
Most Expensive $729,990
Least Expensive $85,000
Market Action 49
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
$697,495 3,098 0.25 - 0.5 acre 4 3 5 1 4 25
$562,500 3,307 8,000 - 10,000 sqft 4 3 5 1 1 219
$329,900 1,770 0 - 4,500 sqft 3 3 18 1 3 101
$217,400 1,388 4,500 - 6,500 sqft 2 2 32 0 1 49