Altos Research

Phoenix, MD

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Phoenix, MD

Tue Aug 20 2019
This week the median list price for Phoenix, MD is $699,450 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 34. Click here to stay informed with the Phoenix market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. 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 20 2019
This week the median list price for Phoenix, MD is $699,450 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 34. Click here to stay informed with the Phoenix market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. 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 $699,450
Per Square Foot $170
Days on Market 170
Price Decreased 56%
Price Increased 6%
Relisted 21%
Inventory 34
Median House Rent
Most Expensive $1,975,000
Least Expensive $369,900
Market Action Index
Slight Seller's Advantage
34

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,024,999 5,884 2.5 - 5 acres 5 4 27 1 0 177
$799,850 3,850 1 - 2.5 acres 4 3 23 0 0 152
$550,000 3,563 1 - 2.5 acres 4 3 32 0 0 178
$460,000 2,994 1 - 2.5 acres 4 3 35 1 1 171