Detour, MD Foreclosures
How much do homes sell for in Detour, MD?
The average home price is currently $514,188.
What’s the average rental cost in Detour, MD?
The average rental price in Detour is $1,732.
What is the most expensive home in Detour?
The most expensive home sold in Detour had a price of $1,439,305.
What is currently the cheapest priced home in Detour, MD?
The cheapest home for sale in Detour is priced at $135,800.
Living in Detour, MD
Detour, MD, is a serene and picturesque rural community offering a tranquil lifestyle amidst rolling hills and beautiful landscapes. The area emphasizes community and outdoor activities, providing a perfect environment for those who prefer peace and nature. Families will find local amenities and schools that cater to their needs.
Current Market Conditions in Detour, MD
Detour's real estate market remains stable, with a modest selection of properties available. There is a growing trend towards seeking homes in rural settings, which is favorably impacting home prices, albeit slowly. Buyers are increasingly looking for larger lots and homes that offer a connection to nature, contributing to modest price increments in recent months.
The demand for homes in rural areas like Detour is rising as more buyers seek refuge from urban settings, prompting an increase in home appreciation rates. However, the inventory remains relatively low compared to the demand, creating a balanced market.
Home Value Estimator For Detour, MD
There are currently 80 real estate properties
in Detour, MD,
with a median automated valuation model (AVM) price
of $416,287.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Detour, 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 Detour, MD,
is $514,188.00, with the most expensive house
in Detour, MD, topping out
at $1,439,305.00 and the cheapest home
in Detour, MD,
clocking in at $135,800.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Detour, MD!
Rent Prices
In Detour, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Detour, MD, is on
a rollercoaster ride. The
average rent price in Detour, MD,
is $1,732.00. Indeed, when looking to rent in
Detour, MD, you can expect to pay as little
as $980.00 or as much
as $2,800.00,
with the average rent median estimated to
be $1,690.00. The good news is that finding
an affordable and desirable property to rent in Detour, 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
