Scotland, MD Foreclosures
How much do homes sell for in Scotland, MD?
The average home price is currently $418,435.
What’s the average rental cost in Scotland, MD?
The average rental price in Scotland is $1,643.
What is the most expensive home in Scotland?
The most expensive home sold in Scotland had a price of $1,895,037.
What is currently the cheapest priced home in Scotland, MD?
The cheapest home for sale in Scotland is priced at $14,092.
Living in Scotland, MD
Scotland, MD, is a serene waterfront community located in St. Mary's County. It offers residents a laid-back lifestyle surrounded by nature and outdoor activities, such as fishing and boating. With a close-knit community and essential amenities, it's an ideal place for those looking to escape city life while still enjoying local conveniences.
Current Market Conditions in Scotland, MD
The real estate market in Scotland, MD, has shown stability, characterized by a mix of affordable homes and some more upscale properties along the waterfront. There are ongoing developments to enhance the area, which continues to attract attention from homebuyers seeking a retreat near the water. While the market remains competitive, buyers can still find good deals on homes as prices have remained manageable compared to other Maryland coastal regions.
As of late, the demand for homes in Scotland has increased, resulting in a gradual rise in property values. This uptick in interest can be attributed to the area’s natural beauty, the peaceful lifestyle it offers, and the growing trend for people looking to escape urban centers. Moreover, with home inventory levels stabilizing, potential buyers are encouraged to act swiftly when they find suitable properties.
Home Value Estimator For Scotland, MD
There are currently 237 real estate properties
in Scotland, MD,
with a median automated valuation model (AVM) price
of $361,303.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Scotland, 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 Scotland, MD,
is $418,435.00, with the most expensive house
in Scotland, MD, topping out
at $1,895,037.00 and the cheapest home
in Scotland, MD,
clocking in at $14,092.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Scotland, MD!
Rent Prices
In Scotland, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Scotland, MD, is on
a rollercoaster ride. The
average rent price in Scotland, MD,
is $1,643.00. Indeed, when looking to rent in
Scotland, MD, you can expect to pay as little
as $860.00 or as much
as $2,780.00,
with the average rent median estimated to
be $1,550.00. The good news is that finding
an affordable and desirable property to rent in Scotland, 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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