Altos Market Data for Realtors

Cheltenham, MD

Single-Family Homes

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

Cheltenham, MD

Wed May 01 2024
This week the median list price for Cheltenham, MD is $474,900 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has increased to 3. Click here to stay informed with the Cheltenham 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Cheltenham, MD

Wed May 01 2024
This week the median list price for Cheltenham, MD is $474,900 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has increased to 3. Click here to stay informed with the Cheltenham 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Cheltenham market.
Median List Price $474,900
Median Price of New Listings $474,900
Per Square Foot $202
Average Days on Market 0
Median Days on Market 0
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 48
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$515,000 2,382 0.25 - 0.5 acre 4 2.5 32 1 0 0
$474,900 2,748 0.25 - 0.5 acre 5 3 51 1 0 0
$375,000 1,854 0.25 - 0.5 acre 4 2 51 1 1 0