Altos Market Data for Realtors

Cumberland, MD

Single-Family Homes

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Cumberland, MD

Tue Mar 19 2024
This week the median list price for Cumberland, MD is $165,000 with the market action index hovering around 40. This is an increase over last month's market action index of 36. Inventory has decreased to 75. Click here to stay informed with the Cumberland market!

Market Action Index

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

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Cumberland, MD

Tue Mar 19 2024
This week the median list price for Cumberland, MD is $165,000 with the market action index hovering around 40. This is an increase over last month's market action index of 36. Inventory has decreased to 75. Click here to stay informed with the Cumberland market!

Market Action Index

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

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Cumberland market.
Median List Price $165,000
Median Price of New Listings $173,700
Per Square Foot $94
Average Days on Market 100
Median Days on Market 63
Price Decreased 40%
Price Increased 0%
Relisted 3%
Inventory 75
Median Rent
Market Action 40
Slight Seller's Advantage

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
$324,950 2,292 0.25 - 0.5 acre 3 2.8 74 4 2 63
$180,000 1,836 6,500 - 8,000 sqft 3 2 99 1 1 63
$140,000 1,598 4,500 - 6,500 sqft 3 1.5 99 2 9 126
$45,000 1,197 0 - 4,500 sqft 3 1 114 3 3 77