Derwood, MD Foreclosures
How much do homes sell for in Derwood, MD?
The average home price is currently $676,974.
In Derwood, MD, how many homes are available?
There are currently 7 active home listings available in Derwood.
What’s the average rental cost in Derwood, MD?
The average rental price in Derwood is $3,233.
What is the most expensive home in Derwood?
The most expensive home sold in Derwood had a price of $14,860,336.
What is currently the cheapest priced home in Derwood, MD?
The cheapest home for sale in Derwood is priced at $77,574.
Living in Derwood, MD
Derwood, MD is a charming suburban neighborhood located just outside of Washington D.C. Known for its family-friendly atmosphere, Derwood offers a variety of parks, schools, and community amenities. The area boasts a mix of single-family homes and townhouses, making it an attractive option for families and professionals alike.
Current Market Conditions in Derwood, MD
The real estate market in Derwood, MD has remained competitive with a steady increase in home prices. Buyers are drawn to the area due to its proximity to Washington D.C., reputable schools, and a variety of parks and recreational options. The mix of single-family homes and townhouses appeals to diverse demographics, including families and young professionals.
Currently, low inventory is a trend in the Derwood real estate market, creating a seller's market where buyers often face multiple offer situations, particularly for desirable properties.
Home Value Estimator For Derwood, MD
There are currently 705 real estate properties
in Derwood, MD,
with a median automated valuation model (AVM) price
of $631,487.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Derwood, 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 Derwood, MD,
is $676,974.00, with the most expensive house
in Derwood, MD, topping out
at $14,860,336.00 and the cheapest home
in Derwood, MD,
clocking in at $77,574.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Derwood, MD!
Rent Prices
In Derwood, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Derwood, MD, is on
a rollercoaster ride. The
average rent price in Derwood, MD,
is $3,233.00. Indeed, when looking to rent in
Derwood, MD, you can expect to pay as little
as $1,590.00 or as much
as $4,880.00,
with the average rent median estimated to
be $3,180.00. The good news is that finding
an affordable and desirable property to rent in Derwood, 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
