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.
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
| 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 |