Altos Market Data for Realtors
Hanover, MD
Single-Family Homes
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Hanover, MD
Fri Apr 03 2020
This week the median list price for Hanover, MD is $549,990 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 27.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $549,990 | |
| Per Square Foot | $217 | |
| Days on Market | 85 | |
| Price Decreased | 26% | |
| Price Increased | 44% | |
| Relisted | 4% | |
| Inventory | 27 | |
| Median Rent | $2,495 | |
| Most Expensive | $975,000 | |
| Least Expensive | $279,990 | |
| Market Action | 42 | |
| Slight Seller's Advantage | ||
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $682,450 | 3,738 | 0.25 - 0.5 acre | 5 | 3 | 18 | 2 | 0 | 67 |
| $562,990 | 2,718 | 6,500 - 8,000 sqft | 4 | 2 | 1 | 0 | 0 | 108 |
| $542,990 | 2,296 | 6,500 - 8,000 sqft | 4 | 2 | 0 | 0 | 1 | 126 |
| $449,900 | 1,850 | 8,000 - 10,000 sqft | 4 | 2 | 24 | 2 | 0 | 35 |