Galena, MD Foreclosures
How much do homes sell for in Galena, MD?
The average home price is currently $480,340.
In Galena, MD, how many homes are available?
There are currently 1 active home listings available in Galena.
What’s the average rental cost in Galena, MD?
The average rental price in Galena is $1,388.
What is the most expensive home in Galena?
The most expensive home sold in Galena had a price of $4,990,000.
What is currently the cheapest priced home in Galena, MD?
The cheapest home for sale in Galena is priced at $16,499.
Living in Galena, MD
Galena, MD, is a quaint small town with a population of about 500, situated along the scenic Sassafras River. It offers a peaceful lifestyle with beautiful outdoor spaces, rich historical architecture, and close-knit community vibes. The town is perfect for those who enjoy a relaxed pace and access to nature.
Current Market Conditions in Galena, MD
The Galena, MD real estate market is relatively stable, characterized by modest home prices compared to larger urban centers. The town attracts buyers looking for second homes or retirement properties, contributing to a growing demand. The limited inventory and steady demand are keeping home values stable, making this area a favorable market for potential investors.
Recent trends indicate a gradual increase in home sales, with many buyers drawn to the area's serene environment and community feel. The market is becoming increasingly competitive, but prices remain reasonable compared to nearby regions.
Home Value Estimator For Galena, MD
There are currently 809 real estate properties
in Galena, MD,
with a median automated valuation model (AVM) price
of $353,171.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Galena, 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 Galena, MD,
is $480,340.00, with the most expensive house
in Galena, MD, topping out
at $4,990,000.00 and the cheapest home
in Galena, MD,
clocking in at $16,499.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Galena, MD!
Rent Prices
In Galena, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Galena, MD, is on
a rollercoaster ride. The
average rent price in Galena, MD,
is $1,388.00. Indeed, when looking to rent in
Galena, MD, you can expect to pay as little
as $790.00 or as much
as $2,380.00,
with the average rent median estimated to
be $1,370.00. The good news is that finding
an affordable and desirable property to rent in Galena, 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
