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Short Sale Listings 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 $173,738.
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 quaint small town situated in the beautiful mountains of Allegany County. With a rich history, friendly community, and plenty of outdoor activities, Luke offers a peaceful lifestyle while still being close to larger urban areas. The town is known for its picturesque views and family-oriented environment.

Current Market Conditions in Luke, MD

The real estate market in Luke is currently stable, showing gradual growth as families and retirees seek the tranquility of rural living. Home prices have seen a moderate increase, attracting buyers interested in affordable living with access to outdoor amenities.

Luke’s real estate market remains competitive, with an influx of interest from outside areas as remote work becomes more prevalent. This trend is expected to continue, as more people look for homes in less populated environments while maintaining proximity to urban job markets.

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 $53,885.00. 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 $173,738.00, 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 Short Sale Listings

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