Altos Market Data for Realtors

Queenstown, MD

Single-Family Homes

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Queenstown, MD

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. Click here to stay informed with the Queenstown 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 off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Queenstown, MD

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. Click here to stay informed with the Queenstown 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 off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Queenstown market.
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.

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
$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