Altos Market Data for Realtors

Boonsboro, MD

Single-Family Homes

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Boonsboro, MD

Tue Apr 16 2024
This week the median list price for Boonsboro, MD is $412,500 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has increased to 8. Click here to stay informed with the Boonsboro market!

Market Action Index

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

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Boonsboro, MD

Tue Apr 16 2024
This week the median list price for Boonsboro, MD is $412,500 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has increased to 8. Click here to stay informed with the Boonsboro market!

Market Action Index

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

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Boonsboro market.
Median List Price $412,500
Median Price of New Listings $394,975
Per Square Foot $169
Average Days on Market 78
Median Days on Market 42
Price Decreased 50%
Price Increased 25%
Relisted 0%
Inventory 8
Median Rent
Market Action 47
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$449,900 2,477 2.5 - 5 acres 4 2.5 90 0 0 84
$437,450 3,078 0.5 - 1 acre 4 3 44 1 0 171
$394,000 2,662 2.5 - 5 acres 5 2.8 46 0 0 17
$369,975 1,588 0.25 - 0.5 acre 3 1.8 94 1 0 38