Benedict, MD Foreclosures
How much do homes sell for in Benedict, MD?
The average home price is currently $370,373.
In Benedict, MD, how many homes are available?
There are currently 586 active home listings available in Benedict.
What’s the average rental cost in Benedict, MD?
The average rental price in Benedict is $1,912.
What is the most expensive home in Benedict?
The most expensive home sold in Benedict had a price of $1,676,108.
What is currently the cheapest priced home in Benedict, MD?
The cheapest home for sale in Benedict is priced at $123,314.
Living in Benedict, MD
Benedict, MD, offers residents a serene waterfront lifestyle with easy access to outdoor activities along the Patuxent River. The friendly community is perfect for families and individuals seeking a quiet retreat while still being connected to larger urban centers nearby. With a strong emphasis on education and community spirit, this small town has much to offer.
Current Market Conditions in Benedict, MD
The real estate market in Benedict, MD, has shown a consistent trend of appreciation over the past year, with increasing interest from home buyers looking for a quieter setting away from the hustle and bustle of city life. Unique waterfront properties attract both local and out-of-state buyers, leading to competitive bidding in some cases. The overall inventory, however, remains relatively low, which continues to drive prices upward.
Expect significant growth in the coming months as new developments and renovations are planned for the area. With the town's increasing popularity, it's advisable for prospective buyers to act quickly to secure a property before prices rise further.
Home Value Estimator For Benedict, MD
There are currently 114 real estate properties
in Benedict, MD,
with a median automated valuation model (AVM) price
of $330,300.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Benedict, 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 Benedict, MD,
is $370,373.00, with the most expensive house
in Benedict, MD, topping out
at $1,676,108.00 and the cheapest home
in Benedict, MD,
clocking in at $123,314.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Benedict, MD!
Rent Prices
In Benedict, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Benedict, MD, is on
a rollercoaster ride. The
average rent price in Benedict, MD,
is $1,912.00. Indeed, when looking to rent in
Benedict, MD, you can expect to pay as little
as $900.00 or as much
as $3,020.00,
with the average rent median estimated to
be $1,970.00. The good news is that finding
an affordable and desirable property to rent in Benedict, 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.
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