Trappe, MD Foreclosures
How much do homes sell for in Trappe, MD?
The average home price is currently $654,758.
What’s the average rental cost in Trappe, MD?
The average rental price in Trappe is $1,702.
What is the most expensive home in Trappe?
The most expensive home sold in Trappe had a price of $14,064,700.
What is currently the cheapest priced home in Trappe, MD?
The cheapest home for sale in Trappe is priced at $23,405.
Living in Trappe, MD
Trappe, MD is a quaint town on the Eastern Shore known for its rural beauty and community spirit. The area boasts outdoor recreational opportunities alongside local amenities in nearby Easton. Residents enjoy a peaceful lifestyle enriched by rich history and beautiful natural surroundings.
Current Market Conditions in Trappe, MD
The real estate market in Trappe, MD is characterized by a mix of charming historic homes and newer constructions, making it attractive to a diverse range of buyers. Over the last 6 months, the market has seen increasing interest from both families and retirees looking to relocate to quieter areas with more spacious properties. Properties often receive multiple offers, indicating a competitive market, especially for well-maintained homes.
Inventory levels have started to tighten, with fewer homes available than in previous years, which has led to slight increases in sale prices and shorter time on market. As more buyers seek a balance of rural tranquility and accessibility to urban amenities, the demand for homes in Trappe continues to grow.
Home Value Estimator For Trappe, MD
There are currently 1,497 real estate properties
in Trappe, MD,
with a median automated valuation model (AVM) price
of $415,702.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Trappe, 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 Trappe, MD,
is $654,758.00, with the most expensive house
in Trappe, MD, topping out
at $14,064,700.00 and the cheapest home
in Trappe, MD,
clocking in at $23,405.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Trappe, MD!
Rent Prices
In Trappe, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Trappe, MD, is on
a rollercoaster ride. The
average rent price in Trappe, MD,
is $1,702.00. Indeed, when looking to rent in
Trappe, 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 $1,610.00. The good news is that finding
an affordable and desirable property to rent in Trappe, 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
