Altos Market Data for Realtors

Monkton, MD

Single-Family Homes

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Monkton, MD

Fri Apr 26 2024
This week the median list price for Monkton, MD is $974,363 with the market action index hovering around 50. This is less than last month's market action index of 55. Inventory has decreased to 4. Click here to stay informed with the Monkton market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Monkton, MD

Fri Apr 26 2024
This week the median list price for Monkton, MD is $974,363 with the market action index hovering around 50. This is less than last month's market action index of 55. Inventory has decreased to 4. Click here to stay informed with the Monkton market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Monkton market.
Median List Price $974,363
Median Price of New Listings $0
Per Square Foot $449
Average Days on Market 233
Median Days on Market 112
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 4
Median Rent
Market Action 50
Strong Seller's Market

Despite this week’s down tic, price trends have been moving up in the last few weeks. We are below the market’s high point. 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
$2,990,000 6,652 N/A 3 2.5 42 0 0 693
$999,727 2,050 10 - 20 acres NaN 2 142 0 1 14
$949,000 4,206 2.5 - 5 acres 4 2.5 38 0 0 28
$727,400 0 1 - 2.5 acres 4 2.5 NaN 0 0 196