Altos Market Data for Realtors

Phoenix, MD

Single-Family Homes

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Phoenix, MD

Tue Aug 11 2020
This week the median list price for Phoenix, MD is $817,275 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 26. Click here to stay informed with the Phoenix market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, MD

Tue Aug 11 2020
This week the median list price for Phoenix, MD is $817,275 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 26. Click here to stay informed with the Phoenix market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $817,275
Per Square Foot $194
Days on Market 174
Price Decreased 19%
Price Increased 4%
Relisted 8%
Inventory 26
Median Rent $5,000
Most Expensive $3,587,000
Least Expensive $299,900
Market Action 32
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
$1,000,750 4,672 1 - 2.5 acres 4 4 15 0 0 182
$914,945 3,661 1 - 2.5 acres 4 3 0 0 0 247
$764,500 4,964 2.5 - 5 acres 5 4 38 0 1 129
$694,777 3,800 1 - 2.5 acres 3 2 34 0 0 151