Altos Market Data for Realtors

Jessup, MD

Single-Family Homes

Schedule a demo today at AltosResearch.com


Jessup, MD

Tue Aug 11 2020
This week the median list price for Jessup, MD is $592,850 with the market action index hovering around 45. This is less than last month's market action index of 53. Inventory has held steady at or around 9. Click here to stay informed with the Jessup market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Jessup, MD

Tue Aug 11 2020
This week the median list price for Jessup, MD is $592,850 with the market action index hovering around 45. This is less than last month's market action index of 53. Inventory has held steady at or around 9. Click here to stay informed with the Jessup market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Jessup market.
Median List Price $592,850
Per Square Foot $186
Days on Market 122
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent $2,300
Most Expensive $649,900
Least Expensive $299,990
Market Action 45
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$649,900 3,500 1 - 2.5 acres 4 3 0 0 0 70
$622,740 3,250 1 - 2.5 acres 4 3 0 0 0 206
$573,925 3,476 0.5 - 1 acre 4 3 17 0 0 182
$365,000 1,550 6,500 - 8,000 sqft 5 3 34 1 1 60