Cheverly, MD Foreclosures
How much do homes sell for in Cheverly, MD?
The average home price is currently $517,649.
What’s the average rental cost in Cheverly, MD?
The average rental price in Cheverly is $2,143.
What is the most expensive home in Cheverly?
The most expensive home sold in Cheverly had a price of $29,046,957.
What is currently the cheapest priced home in Cheverly, MD?
The cheapest home for sale in Cheverly is priced at $110,300.
Living in Cheverly, MD
Cheverly, Maryland, is a charming suburb of Washington, D.C., known for its friendly community, green spaces, and family-oriented atmosphere. Residents enjoy a suburban lifestyle with quick access to city amenities, including excellent schools and public transportation options. With parks and recreational facilities, Cheverly fosters a healthy and active lifestyle for all its residents.
Current Market Conditions in Cheverly, MD
Cheverly's real estate market is relatively competitive, with a steady increase in home values over the past few years. The demand for single-family homes has been strong, primarily due to the area's ideal location, excellent schools, and family-friendly environment. Buyers are often attracted to the suburban charm combined with easy access to downtown D.C., making it a sought-after area for many. Homes typically sell quickly, especially during peak buying seasons, with many receiving multiple offers.
The rental market in Cheverly has also seen growth, with increasing rental prices reflecting the demand for housing in close proximity to the nation's capital. Investors are becoming more aware of Cheverly's potential, leading to a rise in new developments.
Home Value Estimator For Cheverly, MD
There are currently 1,840 real estate properties
in Cheverly, MD,
with a median automated valuation model (AVM) price
of $475,178.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cheverly, 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 Cheverly, MD,
is $517,649.00, with the most expensive house
in Cheverly, MD, topping out
at $29,046,957.00 and the cheapest home
in Cheverly, MD,
clocking in at $110,300.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cheverly, MD!
Rent Prices
In Cheverly, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cheverly, MD, is on
a rollercoaster ride. The
average rent price in Cheverly, MD,
is $2,143.00. Indeed, when looking to rent in
Cheverly, MD, you can expect to pay as little
as $1,390.00 or as much
as $3,160.00,
with the average rent median estimated to
be $2,110.00. The good news is that finding
an affordable and desirable property to rent in Cheverly, 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
