University Park, MD Foreclosures
How much do homes sell for in University Park, MD?
The average home price is currently $678,354.
In University Park, MD, how many homes are available?
There are currently 1 active home listings available in University Park.
What’s the average rental cost in University Park, MD?
The average rental price in University Park is $2,504.
What is the most expensive home in University Park?
The most expensive home sold in University Park had a price of $4,047,453.
What is currently the cheapest priced home in University Park, MD?
The cheapest home for sale in University Park is priced at $118,600.
Living in University Park, MD
University Park, MD, is a charming residential community that offers a perfect blend of suburban tranquility and urban conveniences. Close to the University of Maryland, it boasts excellent schools, beautiful parks, and an array of local amenities. This area is ideal for families, students, and anyone looking for a vibrant neighborhood atmosphere.
Current Market Conditions in University Park, MD
The real estate market in University Park has been steadily growing, characterized by a healthy mix of single-family homes and townhouses. In recent months, demand has risen due to its convenient location and family-friendly environment, leading to competitive offers on listings. Buyers are increasingly drawn to the neighborhood’s quaint charm and educational opportunities.
Inventory remains tight, with homes often selling quickly, especially those that are newly renovated or in a desirable location. The average days on the market have decreased, indicating a strong interest from potential buyers. Investors are also recognizing the potential for appreciation in property values, making University Park a noteworthy area for real estate investments.
Home Value Estimator For University Park, MD
There are currently 924 real estate properties
in University Park, MD,
with a median automated valuation model (AVM) price
of $659,482.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in University Park, 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 University Park, MD,
is $678,354.00, with the most expensive house
in University Park, MD, topping out
at $4,047,453.00 and the cheapest home
in University Park, MD,
clocking in at $118,600.00. In other words, there’s
something for every potential homebuyer
or savvy investor in University Park, MD!
Rent Prices
In University Park, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in University Park, MD, is on
a rollercoaster ride. The
average rent price in University Park, MD,
is $2,504.00. Indeed, when looking to rent in
University Park, MD, you can expect to pay as little
as $1,650.00 or as much
as $4,020.00,
with the average rent median estimated to
be $2,450.00. The good news is that finding
an affordable and desirable property to rent in University Park, 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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