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Preforeclosure Homes in Broomes Island, MD

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Living in Broomes Island, MD

Broomes Island, Maryland is a scenic waterfront community situated on the Patuxent River. This tranquil area is known for its beautiful views and outdoor recreational opportunities. Residents enjoy a tight-knit community atmosphere, making it a great place for families and those seeking a peaceful escape from the hustle and bustle of city life.

Current Market Conditions in Broomes Island, MD

The real estate market in Broomes Island is currently experiencing steady demand, primarily due to its appealing water access and community atmosphere. Buyers are increasingly looking for homes that offer both comfort and recreational opportunities, leading to a competitive market among waterfront properties. Listings have been moving quickly, reflecting a robust interest in this charming area.

Over the past year, Broomes Island has seen a moderate increase in property values as more families and retirees are drawn to the area for its peaceful lifestyle and outdoor activities. The appealing environment combined with relatively low inventory is contributing to a favorable sellers' market.

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 $441,897.00. 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 $528,433.00, with the most expensive house in Broomes Island, MD, topping out at $1,839,152.00 and the cheapest home in Broomes Island, MD, clocking in at $15,339.00. 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.

Broomes Island, MD Preforeclosure Homes


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