Single-Family Homes
Thu Mar 28 2024
This week the median list price for Queenstown, MD is $1,998,750 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 6.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $1,998,750 | |
Median Price of New Listings | $0 | |
Per Square Foot | $454 | |
Average Days on Market | 131 | |
Median Days on Market | 137 | |
Price Decreased | 50% | |
Price Increased | 0% | |
Relisted | 17% | |
Inventory | 6 | |
Median Rent | ||
Market Action | 41 | |
Slight Seller's Advantage |
This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$4,500,000 | 7,058 | 2.5 - 5 acres | 5 | 6.5 | 45 | 0 | 0 | 140 |
$3,690,000 | 8,180 | 1 - 2.5 acres | 6 | 5.5 | 21 | 0 | 0 | 147 |
$1,998,750 | 4,132 | 1 - 2.5 acres | 3 | 2.5 | 44 | 0 | 0 | 154 |
$462,500 | 2,460 | 1 - 2.5 acres | 3 | 3 | 29 | 0 | 1 | 94 |