Luke, MD Foreclosures
How much do homes sell for in Luke, MD?
The average home price is currently $177,446.
In Luke, MD, how many homes are available?
There are currently 394 active home listings available in Luke.
What’s the average rental cost in Luke, MD?
The average rental price in Luke is $1,103.
What is the most expensive home in Luke?
The most expensive home sold in Luke had a price of $2,955,302.
What is currently the cheapest priced home in Luke, MD?
The cheapest home for sale in Luke is priced at $10,160.
Living in Luke, MD
Luke, MD, is a charming small town nestled in the Allegheny Mountains, known for its friendly community and outdoor activities. With parks, natural landscapes, and a welcoming atmosphere, it offers a perfect balance of rural tranquility and access to modern amenities.
Current Market Conditions in Luke, MD
The real estate market in Luke, MD, has shown a modest growth over the past year, with a stable interest in properties among homebuyers. The affordable housing options attract first-time buyers and families looking for a peaceful community atmosphere. Inventory levels remain relatively low, resulting in competitive offerings for homes in the area, particularly for single-family residences.
In recent months, the market has begun to show signs of accelerated activity, with an increase in the number of homes being listed for sale as sellers take advantage of favorable conditions. This uptick in inventory could slightly shift the balance toward buyers, offering more options while maintaining vibrant market interest.
Home Value Estimator For Luke, MD
There are currently 58 real estate properties
in Luke, MD,
with a median automated valuation model (AVM) price
of $56,027.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Luke, 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 Luke, MD,
is $177,446.00, with the most expensive house
in Luke, MD, topping out
at $2,955,302.00 and the cheapest home
in Luke, MD,
clocking in at $10,160.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Luke, MD!
Rent Prices
In Luke, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Luke, MD, is on
a rollercoaster ride. The
average rent price in Luke, MD,
is $1,103.00. Indeed, when looking to rent in
Luke, MD, you can expect to pay as little
as $770.00 or as much
as $2,560.00,
with the average rent median estimated to
be $1,050.00. The good news is that finding
an affordable and desirable property to rent in Luke, 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
