Altos Market Data for Realtors

Savage, MD

Single-Family Homes

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

Savage, MD

Wed Apr 24 2024
This week the median list price for Savage, MD is $499,000 with the market action index hovering around 38. This is an increase over last month's market action index of 30. Inventory has held steady at or around 1. Click here to stay informed with the Savage market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Savage, MD

Wed Apr 24 2024
This week the median list price for Savage, MD is $499,000 with the market action index hovering around 38. This is an increase over last month's market action index of 30. Inventory has held steady at or around 1. Click here to stay informed with the Savage market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Savage market.
Median List Price $499,000
Median Price of New Listings $499,000
Per Square Foot $333
Average Days on Market 0
Median Days on Market 0
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 1
Median Rent
Market Action 38
Slight Seller's Advantage

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
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$499,000 1,495 8,000 - 10,000 sqft 3 3 104 1 1 0