Altos Market Data for Realtors

Cordova, MD

Single-Family Homes

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

Cordova, MD

Thu Apr 18 2024
This week the median list price for Cordova, MD is $349,900 with the market action index hovering around 29. This is an increase over last month's market action index of 25. Inventory has held steady at or around 3. Click here to stay informed with the Cordova market!

Market Action Index

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

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.

Cordova, MD

Thu Apr 18 2024
This week the median list price for Cordova, MD is $349,900 with the market action index hovering around 29. This is an increase over last month's market action index of 25. Inventory has held steady at or around 3. Click here to stay informed with the Cordova market!

Market Action Index

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

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.

Real-Time Market Profile

Never miss important changes in the Cordova market.
Median List Price $349,900
Median Price of New Listings $0
Per Square Foot $114
Average Days on Market 56
Median Days on Market 49
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 29
Slight Buyer's Advantage

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$925,000 2,352 N/A 4 2.5 40 0 0 91
$349,900 3,060 0.25 - 0.5 acre 4 2 134 0 1 28
$135,000 1,256 0.25 - 0.5 acre 2 2 124 0 0 49