Altos Market Data for Realtors

Savage, MD

Single-Family Homes

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Current active inventory in Savage, MD is very low. Keep this in mind when looking at this report.

Savage, MD

Sat Nov 28 2020
This week the median list price for Savage, MD is $467,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 3. Click here to stay informed with the Savage market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Savage, MD

Sat Nov 28 2020
This week the median list price for Savage, MD is $467,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 3. Click here to stay informed with the Savage market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Savage market.
Median List Price $467,000
Per Square Foot $223
Days on Market 37
Price Decreased 67%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent $1,600
Most Expensive $535,000
Least Expensive $450,000
Market Action 43
Slight Seller's Advantage

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
$467,000 2,088 0.25 - 0.5 acre 4 3 100 0 0 37
$535,000 2,755 0.25 - 0.5 acre 4 3 157 0 0 21
$467,000 2,088 0.25 - 0.5 acre 5 3 100 0 0 49
$450,000 1,592 0.25 - 0.5 acre 3 2 84 0 0 42