Foreclosure Homes in Garrett Park, MD 20896

Current Market Conditions in Garrett Park, MD

The current real estate market in Garrett Park is quite competitive, with home values appreciating steadily over the past few years. The demand for homes in this charming community has attracted a mix of families, professionals, and retirees, particularly due to its excellent schools and proximity to Washington D.C.

As of late 2023, properties are selling relatively quickly, often at or above asking price. Homebuyers are drawn to the unique architectural styles and the strong sense of community. However, limited inventory has led to a housing market that favors sellers, with a need for more listings to meet buyer demand.

Rent Prices In Garrett Park, MD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Garrett Park, MD, is on a rollercoaster ride. The average rent price in Garrett Park, MD, is $3,186.00. Indeed, when looking to rent in Garrett Park, MD, you can expect to pay as little as $2,210.00 or as much as $5,080.00, with the average rent median estimated to be $3,080.00. The good news is that finding an affordable and desirable property to rent in Garrett Park, 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.