Altos Market Data for Realtors

Churchville, MD

Single-Family Homes

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Churchville, MD

Thu Apr 18 2024
This week the median list price for Churchville, MD is $647,450 with the market action index hovering around 39. This is less than last month's market action index of 47. Inventory has increased to 4. Click here to stay informed with the Churchville market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Churchville, MD

Thu Apr 18 2024
This week the median list price for Churchville, MD is $647,450 with the market action index hovering around 39. This is less than last month's market action index of 47. Inventory has increased to 4. Click here to stay informed with the Churchville market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Churchville market.
Median List Price $647,450
Median Price of New Listings $282,500
Per Square Foot $159
Average Days on Market 110
Median Days on Market 95
Price Decreased 0%
Price Increased 25%
Relisted 50%
Inventory 4
Median Rent
Market Action 39
Slight Seller's Advantage

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,199,000 7,391 1 - 2.5 acres 5 4.5 19 0 1 175
$869,900 3,170 2.5 - 5 acres 4 3.5 0 0 0 252
$425,000 2,704 0.5 - 1 acre 3 2.5 58 0 0 14
$282,500 2,352 0.25 - 0.5 acre 5 2.5 58 1 0 0