Saint Michaels, MD Foreclosures
How much do homes sell for in Saint Michaels, MD?
The average home price is currently $1,101,602.
In Saint Michaels, MD, how many homes are available?
There are currently 8 active home listings available in Saint Michaels.
What’s the average rental cost in Saint Michaels, MD?
The average rental price in Saint Michaels is $2,135.
What is the most expensive home in Saint Michaels?
The most expensive home sold in Saint Michaels had a price of $8,673,733.
What is currently the cheapest priced home in Saint Michaels, MD?
The cheapest home for sale in Saint Michaels is priced at $44,052.
Living in Saint Michaels, MD
Saint Michaels is a charming waterfront town located on Maryland's Eastern Shore, known for its picturesque views, maritime culture, and historical charm. The town features a quaint downtown area with boutique shops, gourmet restaurants, and beautiful bed-and-breakfasts. Residents enjoy an active lifestyle with access to water sports, walking trails, and a vibrant arts community.
Current Market Conditions in Saint Michaels, MD
The real estate market in Saint Michaels has shown resilience, with a steady increase in home prices over the past year, driven primarily by demand for vacation homes and second residences. The town's appeal as a desirable waterfront location attracts buyers from the metropolitan areas, contributing to its growth in housing activity. Properties in close proximity to the waterfront garner significant interest, leading to competitive bidding situations. Overall, the market is characterized by a limited supply of homes, which is typical for this scenic area.
In recent months, the real estate market has been adapting to various economic factors, including interest rate fluctuations and buyer sentiment. While higher mortgage rates may have impacted some buyers' purchasing power, the allure of Saint Michaels remains strong. New listings are being met with enthusiasm, though buyers are increasingly cautious and taking their time to find properties that meet their preferences and budget.
Home Value Estimator For Saint Michaels, MD
There are currently 1,344 real estate properties
in Saint Michaels, MD,
with a median automated valuation model (AVM) price
of $702,157.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Saint Michaels, 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 Saint Michaels, MD,
is $1,101,602.00, with the most expensive house
in Saint Michaels, MD, topping out
at $8,673,733.00 and the cheapest home
in Saint Michaels, MD,
clocking in at $44,052.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Saint Michaels, MD!
Rent Prices
In Saint Michaels, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Saint Michaels, MD, is on
a rollercoaster ride. The
average rent price in Saint Michaels, MD,
is $2,135.00. Indeed, when looking to rent in
Saint Michaels, MD, you can expect to pay as little
as $810.00 or as much
as $6,080.00,
with the average rent median estimated to
be $1,900.00. The good news is that finding
an affordable and desirable property to rent in Saint Michaels, 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
