Broomes Island, MD Foreclosures
How much do homes sell for in Broomes Island, MD?
The average home price is currently $525,545.
In Broomes Island, MD, how many homes are available?
There are currently 225 active home listings available in Broomes Island.
What’s the average rental cost in Broomes Island, MD?
The average rental price in Broomes Island is $2,075.
What is the most expensive home in Broomes Island?
The most expensive home sold in Broomes Island had a price of $1,807,602.
What is currently the cheapest priced home in Broomes Island, MD?
The cheapest home for sale in Broomes Island is priced at $15,557.
Living in Broomes Island, MD
Broomes Island, MD, is a serene waterfront community with a rich maritime culture. Residents enjoy a peaceful lifestyle with access to various outdoor activities along the Patuxent River. With nearby amenities in larger towns, it offers a perfect blend of tranquility and convenience.
Current Market Conditions in Broomes Island, MD
The real estate market in Broomes Island has seen stable growth over the past several months. Properties are generally in high demand due to the area’s beautiful natural surroundings and recreational opportunities. Buyers are particularly attracted to waterfront homes, which can lead to competitive offers, making the market favorable for sellers.
Currently, homes in Broomes Island are selling relatively quickly, and inventory levels are low, indicating a seller's market. This trend suggests a growing interest in the area, likely due to its appeal for vacationers and retirees.
Home Value Estimator For Broomes Island, MD
There are currently 228 real estate properties
in Broomes Island, MD,
with a median automated valuation model (AVM) price
of $439,952.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Broomes Island, 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 Broomes Island, MD,
is $525,545.00, with the most expensive house
in Broomes Island, MD, topping out
at $1,807,602.00 and the cheapest home
in Broomes Island, MD,
clocking in at $15,557.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Broomes Island, MD!
Rent Prices
In Broomes Island, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Broomes Island, MD, is on
a rollercoaster ride. The
average rent price in Broomes Island, MD,
is $2,075.00. Indeed, when looking to rent in
Broomes Island, MD, you can expect to pay as little
as $1,090.00 or as much
as $3,340.00,
with the average rent median estimated to
be $2,070.00. The good news is that finding
an affordable and desirable property to rent in Broomes Island, 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
