Spencerville, MD Foreclosures
How much do homes sell for in Spencerville, MD?
The average home price is currently $913,501.
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 $14,292,366.
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 quaint suburban community that boasts a peaceful atmosphere and family-oriented lifestyle. With access to excellent schools and recreational activities, it's perfect for those seeking a balance between urban and rural living. The location ensures convenient commutes to larger cities while maintaining a close-knit community feel.
Current Market Conditions in Spencerville, MD
The real estate market in Spencerville, MD, remains competitive, with a mix of single-family homes and larger properties featuring spacious lots. As demand increases for suburban living, particularly post-pandemic, home values have shown a gradual rise, creating opportunities for both buyers and investors.
Recent trends indicate limited inventory, which helps sustain pricing. New listings are frequently met with strong buyer interest, resulting in quicker sales and often multiple offers.
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 $740,039.00. 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 $913,501.00, with the most expensive house
in Spencerville, MD, topping out
at $14,292,366.00 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
