Cambridge, MD Foreclosures
How much do homes sell for in Cambridge, MD?
The average home price is currently $329,142.
What’s the average rental cost in Cambridge, MD?
The average rental price in Cambridge is $1,285.
What is the most expensive home in Cambridge?
The most expensive home sold in Cambridge had a price of $15,829,587.
What is currently the cheapest priced home in Cambridge, MD?
The cheapest home for sale in Cambridge is priced at $10,733.
Living in Cambridge, MD
Cambridge, MD, is a charming city on the Eastern Shore, known for its rich history and scenic waterfront. Residents benefit from small-town comforts, access to nature parks, and strong community ties. The locale mixes historic charm with modern amenities, offering outdoor activities and cultural events year-round.
Current Market Conditions in Cambridge, MD
The real estate market in Cambridge, MD, is currently experiencing a steady growth trend, with home values increasing year over year. The demand for homes in this charming waterfront town remains strong as more buyers search for properties that offer both beauty and access to nature. With a mix of historic homes and new developments, Cambridge appeals to a diverse demographic, making it a hotspot for both living and investing.
In recent months, the market has seen a rise in buyers interested in vacation homes and retirement properties, contributing to a competitive atmosphere. Sellers are often receiving multiple offers, and homes are typically selling faster than the pricing models suggested, indicating a robust market with potential for increased value.
Home Value Estimator For Cambridge, MD
There are currently 8,847 real estate properties
in Cambridge, MD,
with a median automated valuation model (AVM) price
of $245,643.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cambridge, 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 Cambridge, MD,
is $329,142.00, with the most expensive house
in Cambridge, MD, topping out
at $15,829,587.00 and the cheapest home
in Cambridge, MD,
clocking in at $10,733.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cambridge, MD!
Rent Prices
In Cambridge, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cambridge, MD, is on
a rollercoaster ride. The
average rent price in Cambridge, MD,
is $1,285.00. Indeed, when looking to rent in
Cambridge, MD, you can expect to pay as little
as $650.00 or as much
as $3,220.00,
with the average rent median estimated to
be $1,210.00. The good news is that finding
an affordable and desirable property to rent in Cambridge, 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
