Altos Market Data for Realtors

Suitland, MD

Single-Family Homes

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Suitland, MD

Mon Dec 09 2019
This week the median list price for Suitland, MD is $312,500 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has held steady at or around 24. Click here to stay informed with the Suitland market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Suitland, MD

Mon Dec 09 2019
This week the median list price for Suitland, MD is $312,500 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has held steady at or around 24. Click here to stay informed with the Suitland market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Suitland market.
Median List Price $312,500
Per Square Foot $199
Days on Market 53
Price Decreased 46%
Price Increased 0%
Relisted 4%
Inventory 24
Median Rent $2,000
Most Expensive $450,000
Least Expensive $220,000
Market Action 52
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$355,000 2,267 0.25 - 0.5 acre 4 2 47 1 0 37
$324,950 1,888 6,500 - 8,000 sqft 4 2 65 1 2 49
$297,450 1,404 8,000 - 10,000 sqft 3 2 67 0 2 51
$241,950 1,023 8,000 - 10,000 sqft 3 1 72 1 1 74