Altos Market Data for Realtors

Essex, MD

Single-Family Homes

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Essex, MD

Tue Mar 19 2024
This week the median list price for Essex, MD is $381,950 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has decreased to 32. Click here to stay informed with the Essex 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.

Essex, MD

Tue Mar 19 2024
This week the median list price for Essex, MD is $381,950 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has decreased to 32. Click here to stay informed with the Essex 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 Essex market.
Median List Price $381,950
Median Price of New Listings $344,950
Per Square Foot $189
Average Days on Market 115
Median Days on Market 56
Price Decreased 34%
Price Increased 0%
Relisted 9%
Inventory 32
Median Rent
Market Action 56
Strong Seller's Market

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
$650,000 1,922 0.25 - 0.5 acre 3 2 60 1 2 164
$432,400 2,290 0.25 - 0.5 acre 3 3 27 0 1 91
$317,500 2,121 6,500 - 8,000 sqft 3 2 78 2 2 52
$232,449 1,050 6,500 - 8,000 sqft 3 1 81 1 2 17