Altos Market Data for Realtors

Phoenix, MD

Single-Family Homes

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Phoenix, MD

Tue Mar 02 2021
This week the median list price for Phoenix, MD is $624,900 with the market action index hovering around 53. This is an increase over last month's market action index of 52. Inventory has held steady at or around 7. 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.

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.

Phoenix, MD

Tue Mar 02 2021
This week the median list price for Phoenix, MD is $624,900 with the market action index hovering around 53. This is an increase over last month's market action index of 52. Inventory has held steady at or around 7. 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.

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 Phoenix market.
Median List Price $624,900
Per Square Foot $199
Days on Market 21
Price Decreased 43%
Price Increased 0%
Relisted 43%
Inventory 7
Median Rent $5,500
Most Expensive $3,180,000
Least Expensive $198,000
Market Action 53
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$3,180,000 13,242 5 - 10 acres 9 8 93 0 0 294
$1,267,500 6,139 2.5 - 5 acres 6 5 21 0 0 119
$582,400 2,966 1 - 2.5 acres 4 2 36 1 1 10
$361,500 1,864 1 - 2.5 acres 4 2 45 1 0 49