Garrett Park, MD Foreclosures
How much do homes sell for in Garrett Park, MD?
The average home price is currently $1,069,180.
What’s the average rental cost in Garrett Park, MD?
The average rental price in Garrett Park is $3,186.
What is the most expensive home in Garrett Park?
The most expensive home sold in Garrett Park had a price of $2,476,082.
What is currently the cheapest priced home in Garrett Park, MD?
The cheapest home for sale in Garrett Park is priced at $30,348.
Living in Garrett Park, MD
Garrett Park is a quaint and family-friendly neighborhood situated in Montgomery County, Maryland. This picturesque community features beautiful parks, a tight-knit atmosphere, and easy access to public transportation options that connect residents to nearby Washington D.C. It offers a perfect blend of suburban tranquility with urban convenience.
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.
Home Value Estimator For Garrett Park, MD
There are currently 373 real estate properties
in Garrett Park, MD,
with a median automated valuation model (AVM) price
of $991,074.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Garrett Park, 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 Garrett Park, MD,
is $1,069,180.00, with the most expensive house
in Garrett Park, MD, topping out
at $2,476,082.00 and the cheapest home
in Garrett Park, MD,
clocking in at $30,348.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Garrett Park, MD!
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.
Learn more on Foreclosure homes
