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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$490,000|
|Per Square Foot||$214|
|Days on Market||133|
|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.
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|