Mayo, MD Foreclosures
How much do homes sell for in Mayo, MD?
The average home price is currently $717,783.
In Mayo, MD, how many homes are available?
There are currently 4 active home listings available in Mayo.
What’s the average rental cost in Mayo, MD?
The average rental price in Mayo is $2,342.
What is the most expensive home in Mayo?
The most expensive home sold in Mayo had a price of $3,593,433.
What is currently the cheapest priced home in Mayo, MD?
The cheapest home for sale in Mayo is priced at $144,000.
Living in Mayo, MD
Mayo, Maryland, is a delightful waterfront community that offers tranquil living with easy access to the Chesapeake Bay. Known for its friendly atmosphere, outdoor recreational opportunities, and strong educational institutions, Mayo is an ideal location for families looking for a relaxed lifestyle while still being close to urban amenities. With beautiful homes and a tight-knit community, Mayo provides a wonderful small-town feel.
Current Market Conditions in Mayo, MD
The real estate market in Mayo, MD, has shown consistent growth over the past year, with an increased demand for waterfront properties. Prices have appreciated, but the area remains relatively affordable compared to neighboring waterfront communities. The inventory remains low, leading to competitive buying situations, especially for homes with direct access to the Chesapeake Bay.
Investors are taking note of Mayo's desirable location and stable market conditions, which have encouraged new developments and renovations of older properties. The local market is characterized by a diverse range of home styles, appealing to both entry-level buyers and those seeking luxury waterfront living.
Home Value Estimator For Mayo, MD
There are currently 42 real estate properties
in Mayo, MD,
with a median automated valuation model (AVM) price
of $525,511.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mayo, 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 Mayo, MD,
is $717,783.00, with the most expensive house
in Mayo, MD, topping out
at $3,593,433.00 and the cheapest home
in Mayo, MD,
clocking in at $144,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mayo, MD!
Rent Prices
In Mayo, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mayo, MD, is on
a rollercoaster ride. The
average rent price in Mayo, MD,
is $2,342.00. Indeed, when looking to rent in
Mayo, MD, you can expect to pay as little
as $1,260.00 or as much
as $4,940.00,
with the average rent median estimated to
be $2,220.00. The good news is that finding
an affordable and desirable property to rent in Mayo, 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
