Altos Market Data for Realtors

Jessup, MD

Single-Family Homes

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Current active inventory in Jessup, MD is very low. Keep this in mind when looking at this report.

Jessup, MD

Thu Apr 25 2024
This week the median list price for Jessup, MD is $617,500 with the market action index hovering around 52. This is less than last month's market action index of 59. Inventory has decreased to 2. Click here to stay informed with the Jessup market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Jessup, MD

Thu Apr 25 2024
This week the median list price for Jessup, MD is $617,500 with the market action index hovering around 52. This is less than last month's market action index of 59. Inventory has decreased to 2. Click here to stay informed with the Jessup market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Jessup market.
Median List Price $617,500
Median Price of New Listings $0
Per Square Foot $265
Average Days on Market 424
Median Days on Market 424
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 52
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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$825,000 3,679 4,500 - 6,500 sqft 5 3.5 2 0 0 161
$410,000 1,335 0.5 - 1 acre 2 2 74 0 0 686