Mayo, MD Foreclosures
How much do homes sell for in Mayo, MD?
The average home price is currently $714,650.
In Mayo, MD, how many homes are available?
There are currently 1,128 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 $3,075,963.
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, MD is a picturesque waterfront community that combines tranquil living with convenient access to nature and city amenities. Known for its inviting neighborhoods and strong sense of community, Mayo offers families a fantastic quality of life. Residents enjoy a variety of outdoor activities, quality education options, and close proximity to the Chesapeake Bay.
Current Market Conditions in Mayo, MD
The current real estate market in Mayo shows signs of stability, with home values experiencing modest growth over the past quarter. The demand for waterfront properties has remained strong, contributing to an increase in property prices. Buyers are finding opportunities, particularly in mid-range price points, as the market balances between supply and demand.
As more families seek suburban lifestyles with outdoor access, Mayo's market has attracted interest from both local and out-of-state buyers. Newly constructed homes are drawing attention, while well-maintained older homes continue to hold their value.
Overall, Mayo's real estate landscape appears to be favoring sellers while still offering options for eager buyers, particularly in the summer months when demand tends to peak.
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 $515,915.00. 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 $714,650.00, with the most expensive house
in Mayo, MD, topping out
at $3,075,963.00 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.
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