Altos Market Data for Realtors

Nanjemoy, MD

Single-Family Homes

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Nanjemoy, MD

Fri Apr 19 2024
This week the median list price for Nanjemoy, MD is $512,450 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 8. Click here to stay informed with the Nanjemoy market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Nanjemoy, MD

Fri Apr 19 2024
This week the median list price for Nanjemoy, MD is $512,450 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 8. Click here to stay informed with the Nanjemoy market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Nanjemoy market.
Median List Price $512,450
Median Price of New Listings $0
Per Square Foot $219
Average Days on Market 66
Median Days on Market 53
Price Decreased 38%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 32
Slight Seller's Advantage

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
$1,088,879 4,275 N/A 5 3.5 19 0 0 77
$627,499 4,569 2.5 - 5 acres 4 3.5 13 0 1 119
$457,450 1,789 2.5 - 5 acres 3 2.8 40 0 0 14
$342,500 1,573 2.5 - 5 acres 3 1.5 88 0 0 52