Spencerville, MD Foreclosures
How much do homes sell for in Spencerville, MD?
The average home price is currently $927,499.
In Spencerville, MD, how many homes are available?
There are currently 2 active home listings available in Spencerville.
What’s the average rental cost in Spencerville, MD?
The average rental price in Spencerville is $2,896.
What is the most expensive home in Spencerville?
The most expensive home sold in Spencerville had a price of $14,669,972.
What is currently the cheapest priced home in Spencerville, MD?
The cheapest home for sale in Spencerville is priced at $16,271.
Living in Spencerville, MD
Spencerville, MD is a charming suburban community that offers a perfect blend of serenity and accessibility. Known for its strong sense of community and family-oriented atmosphere, this area features beautiful parks, great schools, and convenient amenities. With close proximity to Washington D.C., it is an ideal location for those seeking a tranquil yet connected lifestyle.
Current Market Conditions in Spencerville, MD
The real estate market in Spencerville is showing steady growth, with a consistent demand for single-family homes and townhouses. The community's attractive suburban charm, alongside proximity to urban amenities, continues to attract buyers, particularly families and young professionals.
Inventory levels have remained fairly low, making it a competitive market for buyers. Homes are generally on the market for a shorter duration, showcasing buyer interest and confidence in the area. Many properties sell for close to their asking price, indicating healthy market conditions.
Home Value Estimator For Spencerville, MD
There are currently 220 real estate properties
in Spencerville, MD,
with a median automated valuation model (AVM) price
of $755,391.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Spencerville, 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 Spencerville, MD,
is $927,499.00, with the most expensive house
in Spencerville, MD, topping out
at $14,669,972.00 and the cheapest home
in Spencerville, MD,
clocking in at $16,271.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Spencerville, MD!
Rent Prices
In Spencerville, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Spencerville, MD, is on
a rollercoaster ride. The
average rent price in Spencerville, MD,
is $2,896.00. Indeed, when looking to rent in
Spencerville, MD, you can expect to pay as little
as $1,860.00 or as much
as $5,740.00,
with the average rent median estimated to
be $2,850.00. The good news is that finding
an affordable and desirable property to rent in Spencerville, 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
