Altos Market Data for Realtors
Riverdale, MD
Single-Family Homes
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Riverdale, MD
Fri Apr 03 2020
This week the median list price for Riverdale, MD is $490,000 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has held steady at or around 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $490,000 | |
| Per Square Foot | $214 | |
| Days on Market | 133 | |
| Price Decreased | 53% | |
| Price Increased | 24% | |
| Relisted | 12% | |
| Inventory | 17 | |
| Median Rent | $1,750 | |
| Most Expensive | $739,000 | |
| Least Expensive | $172,000 | |
| Market Action | 49 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $665,000 | 4,222 | 0.25 - 0.5 acre | 5 | 3 | 53 | 0 | 0 | 29 |
| $547,500 | 2,780 | 8,000 - 10,000 sqft | 5 | 3 | 1 | 0 | 0 | 157 |
| $442,500 | 1,934 | 6,500 - 8,000 sqft | 4 | 3 | 80 | 0 | 1 | 271 |
| $268,000 | 1,249 | 4,500 - 6,500 sqft | 4 | 2 | 78 | 3 | 3 | 84 |