Spencerville, MD Foreclosures
How much do homes sell for in Spencerville, MD?
The average home price is currently $923,329.
In Spencerville, MD, how many homes are available?
There are currently 2 active home listings available in Spencerville.
What’s the average rental cost in Spencerville, MD?
The average rental price in Spencerville is $2,896.
What is the most expensive home in Spencerville?
The most expensive home sold in Spencerville had a price of $14,426,838.
What is currently the cheapest priced home in Spencerville, MD?
The cheapest home for sale in Spencerville is priced at $16,271.
Living in Spencerville, MD
Spencerville, Maryland is a suburban community located in Montgomery County, offering residents a peaceful lifestyle with easy access to major urban centers. Known for its friendly neighborhoods and rich green spaces, it’s a desirable place for families and professionals alike. The area boasts excellent schools and a variety of local amenities, making it a great choice for those looking to settle down.
Current Market Conditions in Spencerville, MD
The real estate market in Spencerville is currently experiencing a positive shift, with an increase in demand for homes in suburban areas. As more people seek space and a quieter lifestyle away from the hustle and bustle of the city, Spencerville has become an attractive location for buyers. This trend is reflected in the rising home prices and a competitive market for listings, particularly single-family homes which are in high demand.
Over the past month, Spencerville has seen a slight uptick in home sales, with properties moving quickly due to favorable interest rates. The inventory remains relatively low, which continues to drive prices upward. Buyers looking to invest in the area should be prepared for bidding wars as more families and individuals seek to make Spencerville their home.
Home Value Estimator For Spencerville, MD
There are currently 220 real estate properties
in Spencerville, MD,
with a median automated valuation model (AVM) price
of $749,341.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Spencerville, MD, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Spencerville, MD,
is $923,329.00, with the most expensive house
in Spencerville, MD, topping out
at $14,426,838.00 and the cheapest home
in Spencerville, MD,
clocking in at $16,271.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spencerville, MD!
Rent Prices
In Spencerville, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spencerville, MD, is on
a rollercoaster ride. The
average rent price in Spencerville, MD,
is $2,896.00. Indeed, when looking to rent in
Spencerville, MD, you can expect to pay as little
as $1,860.00 or as much
as $5,740.00,
with the average rent median estimated to
be $2,850.00. The good news is that finding
an affordable and desirable property to rent in Spencerville, MD
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
