Berlin, MD Foreclosures
How much do homes sell for in Berlin, MD?
The average home price is currently $461,009.
In Berlin, MD, how many homes are available?
There are currently 67 active home listings available in Berlin.
What’s the average rental cost in Berlin, MD?
The average rental price in Berlin is $1,517.
What is the most expensive home in Berlin?
The most expensive home sold in Berlin had a price of $12,399,202.
What is currently the cheapest priced home in Berlin, MD?
The cheapest home for sale in Berlin is priced at $15,506.
Living in Berlin, MD
Berlin, MD is a picturesque town on the Eastern Shore known for its artsy vibe, community involvement, and proximity to stunning outdoor activities. The area is filled with charming shops and local eateries, making it a perfect escape for families and individuals alike. With easy access to beaches and nature, Berlin is an ideal place to call home.
Current Market Conditions in Berlin, MD
The current real estate market in Berlin, MD is gaining traction, with increased buyer interest and a gradual rise in home prices. Homes are selling quickly, often within weeks of being listed. Investors are particularly attracted to the area due to its charming appeal and proximity to tourist destinations like Ocean City, providing a lucrative rental market for vacation properties.
In recent months, the median home prices in Berlin have seen a steady increase of about 5-7%, showcasing a healthy appreciation in property values. Demand is high due to low inventory levels, which may further drive up prices in the upcoming months, making it a favorable time for sellers.
Home Value Estimator For Berlin, MD
There are currently 8,035 real estate properties
in Berlin, MD,
with a median automated valuation model (AVM) price
of $378,813.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Berlin, 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 Berlin, MD,
is $461,009.00, with the most expensive house
in Berlin, MD, topping out
at $12,399,202.00 and the cheapest home
in Berlin, MD,
clocking in at $15,506.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Berlin, MD!
Rent Prices
In Berlin, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Berlin, MD, is on
a rollercoaster ride. The
average rent price in Berlin, MD,
is $1,517.00. Indeed, when looking to rent in
Berlin, MD, you can expect to pay as little
as $770.00 or as much
as $3,720.00,
with the average rent median estimated to
be $1,470.00. The good news is that finding
an affordable and desirable property to rent in Berlin, 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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