Fri Apr 03 2020
This week the median list price for Riva, MD is $559,500 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has held steady at or around 6.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$559,500|
|Per Square Foot||$204|
|Days on Market||176|
|Slight Seller's Advantage|
The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$795,000||5,221||0.5 - 1 acre||5||3||23||0||0||168|
|$599,000||3,100||0.25 - 0.5 acre||4||2||1||0||0||504|
|$559,500||2,205||8,000 - 10,000 sqft||3||2||48||1||0||185|
|$374,500||1,549||0.25 - 0.5 acre||3||2||84||0||0||7|