Altos Market Data for Realtors

Elkridge, MD

Single-Family Homes

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Elkridge, MD

Fri Mar 29 2024
This week the median list price for Elkridge, MD is $692,495 with the market action index hovering around 63. This is about the same as last month's market action index of 63. Inventory has decreased to 6. 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

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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Elkridge, MD

Fri Mar 29 2024
This week the median list price for Elkridge, MD is $692,495 with the market action index hovering around 63. This is about the same as last month's market action index of 63. Inventory has decreased to 6. 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

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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Elkridge market.
Median List Price $692,495
Median Price of New Listings $0
Per Square Foot $214
Average Days on Market 71
Median Days on Market 53
Price Decreased 33%
Price Increased 17%
Relisted 0%
Inventory 6
Median Rent
Market Action 63
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
$724,900 3,100 6,500 - 8,000 sqft 5 3.5 1 0 1 133
$724,200 2,160 0.25 - 0.5 acre 4 2.5 NaN 0 0 35
$692,495 3,593 2.5 - 5 acres 3 2.5 29 0 0 38
$331,700 1,874 5 - 10 acres 3 1.5 40 0 0 91