Ellerslie, MD Foreclosures
How much do homes sell for in Ellerslie, MD?
The average home price is currently $183,404.
What’s the average rental cost in Ellerslie, MD?
The average rental price in Ellerslie is $1,129.
What is the most expensive home in Ellerslie?
The most expensive home sold in Ellerslie had a price of $973,279.
What is currently the cheapest priced home in Ellerslie, MD?
The cheapest home for sale in Ellerslie is priced at $7,909.
Living in Ellerslie, MD
Ellerslie, MD is a charming small town nestled in the beautiful Allegany County, known for its tranquil environment and close-knit community. Residents enjoy a variety of outdoor activities like hiking and fishing amidst scenic Appalachian views. With local amenities and easy access to larger urban areas, it offers an ideal living spot for families and nature enthusiasts alike.
Current Market Conditions in Ellerslie, MD
The real estate market in Ellerslie, MD has shown positive growth in recent months, with an increasing number of homebuyers seeking properties in this desirable area. The tranquil environment and outdoor recreational opportunities continue to attract families and retirees.
Homes in Ellerslie have maintained a steady appreciation value over the past year, reflecting a stable market trend. New families moving into the area contribute to a diverse neighborhood, while investors are considering the potential for vacation rentals given the town's scenic views.
Home Value Estimator For Ellerslie, MD
There are currently 301 real estate properties
in Ellerslie, MD,
with a median automated valuation model (AVM) price
of $151,800.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ellerslie, 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 Ellerslie, MD,
is $183,404.00, with the most expensive house
in Ellerslie, MD, topping out
at $973,279.00 and the cheapest home
in Ellerslie, MD,
clocking in at $7,909.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ellerslie, MD!
Rent Prices
In Ellerslie, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ellerslie, MD, is on
a rollercoaster ride. The
average rent price in Ellerslie, MD,
is $1,129.00. Indeed, when looking to rent in
Ellerslie, MD, you can expect to pay as little
as $520.00 or as much
as $1,930.00,
with the average rent median estimated to
be $1,110.00. The good news is that finding
an affordable and desirable property to rent in Ellerslie, 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
