Altos Market Data for Realtors

Elkridge, MD

Single-Family Homes

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Elkridge, MD

Mon Mar 18 2024
This week the median list price for Elkridge, MD is $699,990 with the market action index hovering around 60. This is less than last month's market action index of 62. Inventory has decreased to 7. Click here to stay informed with the Elkridge market!

Market Action Index

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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Elkridge, MD

Mon Mar 18 2024
This week the median list price for Elkridge, MD is $699,990 with the market action index hovering around 60. This is less than last month's market action index of 62. Inventory has decreased to 7. Click here to stay informed with the Elkridge market!

Market Action Index

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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Elkridge market.
Median List Price $699,990
Median Price of New Listings $144,900
Per Square Foot $233
Average Days on Market 75
Median Days on Market 56
Price Decreased 29%
Price Increased 14%
Relisted 0%
Inventory 7
Median Rent
Market Action 60
Strong Seller's Market

The market seems to have paused around this plateau. 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
$764,900 3,175 0.25 - 0.5 acre 5 3.5 1 0 0 140
$721,350 2,630 0.25 - 0.5 acre 4 3 1 0 0 77
$692,495 3,593 2.5 - 5 acres 3 2.5 29 0 0 31
$331,700 1,874 5 - 10 acres 3 1.5 40 1 1 84