Mount Savage, MD Foreclosures
Current Market Conditions in in Mount Savage, MD As of January 2026?
Over the past month, the Mount Savage real estate market has seen a slight uptick in activity, particularly in the number of homes sold. Average sale prices have risen modestly, reflecting increased buyer interest and competition in a few desirable neighborhoods. Agents report that homes that are well-maintained and priced competitively are moving quickly, reflecting a positive change in the market dynamics. The area is gaining attention as more individuals and families seek a retreat from the busier urban centers nearby, leading to an encouraging month for local sellers.
How much do homes sell for in Mount Savage, MD?
The average home price is currently $140,088.
What’s the average rental cost in Mount Savage, MD?
The average rental price in Mount Savage is $1,033.
What is the most expensive home in Mount Savage?
The most expensive home sold in Mount Savage had a price of $1,477,070.
What is currently the cheapest priced home in Mount Savage, MD?
The cheapest home for sale in Mount Savage is priced at $8,125.
Living in Mount Savage, MD
Mount Savage, MD is a charming small town with a rich history and beautiful natural landscapes. It offers a quiet lifestyle with a close-knit community and access to outdoor activities, making it an excellent choice for families and individuals alike. With local schools, parks, and friendly neighbors, Mount Savage is a welcoming place to call home.
Buyer vs Seller Market in Mount Savage, MD
Currently, the Mount Savage real estate market is experiencing a moderate level of activity, driven by both local buyers and those from nearby urban areas seeking a quieter lifestyle. Home prices have shown some stability, with incremental growth observed over recent months as demand has slowly increased.
The market is characterized by a mix of older, historic homes and newer builds, appealing to various types of buyers. Sellers are becoming more optimistic, and ready to make adjustments to pricing, which is leading to an increase in sales transactions.
Home Value Estimator For Mount Savage, MD
There are currently 919 real estate properties
in Mount Savage, MD,
with a median automated valuation model (AVM) price
of $109,855.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mount Savage, 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 Mount Savage, MD,
is $140,088.00, with the most expensive house
in Mount Savage, MD, topping out
at $1,477,070.00 and the cheapest home
in Mount Savage, MD,
clocking in at $8,125.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mount Savage, MD!
Rent Prices
In Mount Savage, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mount Savage, MD, is on
a rollercoaster ride. The
average rent price in Mount Savage, MD,
is $1,033.00. Indeed, when looking to rent in
Mount Savage, MD, you can expect to pay as little
as $480.00 or as much
as $2,460.00,
with the average rent median estimated to
be $980.00. The good news is that finding
an affordable and desirable property to rent in Mount Savage, 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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