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Preforeclosure Homes in Luke, MD

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Luke, MD Foreclosures

How much do homes sell for in Luke, MD?
The average home price is currently $176,564.
In Luke, MD, how many homes are available?
There are currently 138 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 mountains of Allegany County. With a serene environment and strong community ties, it offers a rural lifestyle with access to outdoor activities and essential amenities. The area is perfect for families and individuals seeking a quieter pace of life outside bustling urban centers.

Current Market Conditions in Luke, MD

The real estate market in Luke, MD is currently stable with moderate home prices. The demand for homes has remained steady, partly due to the town's appeal as a quiet residential area. With a mix of single-family homes and some newer developments, buyers have various options to choose from.

As more people look to escape the hustle and bustle of city life, the market has seen an increase in interest from out-of-town buyers searching for affordable housing and scenic landscapes.

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 $56,552.00. 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 $176,564.00, 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.

Luke, MD Preforeclosure Homes

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