Altos Market Data for Realtors
Denton, MD
Single-Family Homes
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Denton, MD
Fri Apr 26 2024
This week the median list price for Denton, MD is $371,950 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has decreased to 28.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $371,950 | |
| Median Price of New Listings | $1,185,000 | |
| Per Square Foot | $181 | |
| Average Days on Market | 137 | |
| Median Days on Market | 46 | |
| Price Decreased | 46% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 28 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
Though this week saw relatively little price change from last week, the market seems to be show some signs of strength. 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 |
|---|---|---|---|---|---|---|---|---|
| $479,000 | 3,165 | 1 - 2.5 acres | 3 | 2.5 | 36 | 1 | 0 | 42 |
| $395,000 | 2,602 | 0.25 - 0.5 acre | 4 | 2.5 | 59 | 0 | 0 | 56 |
| $299,900 | 1,580 | 0.25 - 0.5 acre | 3 | 2 | 56 | 0 | 0 | 28 |
| $252,999 | 1,763 | 0.25 - 0.5 acre | 3 | 1 | 124 | 0 | 2 | 119 |