Allegany County, MD Home Values & Market Trends
The median home price in Allegany County, MD is $134,028.88. There were 1,225 home sales in Allegany County, MD over the past 12 months. The median residential Allegany County, MD home value for transactions over the previous year is $86,000. The number of current listings in Allegany County, MD is 141, and the percentage of properties for sale is 141.00%. The county has 58 foreclosures, 24 bank owned properties, 13 headed for auction, and 141 properties for sale.
Allegany County, MD Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Cumberland | $ 148,527 $ 77/sqft | Rawlings | $ 156,473 $ 107/sqft |
| Frostburg | $ 107,628 $ 75/sqft | Mount Savage | $ 79,880 $ 46/sqft |
| Westernport | $ 84,236 $ 45/sqft | Spring Gap | $ -- $ -- |
| Flintstone | $ 216,345 $ 117/sqft | Luke | $ -- $ -- |
| Lonaconing | $ 145,751 $ 55/sqft | Pinto | $ -- $ -- |
| Barton | $ 252,776 $ 75/sqft | Midlothian | $ -- $ -- |
| Oldtown | $ 252,344 $ 70/sqft | Little Orleans | $ -- $ -- |
| Ellerslie | $ 175,000 $ 122/sqft | Midland | $ -- $ -- |
Housing Market Summary for Allegany County, MD
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $119K | $126.8K | 6.56% |
| Median Sold Price | $114.7K | $126.8K | 10.53% |
| Homes For Sale | 77 | 144 | 87.01% |
| Homes Sold | 799 | 726 | -9.14% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Allegany County, MD
Browse Homes in Allegany County, MD
Allegany County, MD home values range from $13,600 to $1,562,274. Oldtown is the priciest city with a median listing home price of $282,500, and Mount Savage is most affordable with average house prices of around $48,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.08% of all residential properties in Allegany County, MD with Cumberland containing 10 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 16 cities within Allegany County, MD; of those cities, the estimated home value for pre-foreclosure homes ranges from $180,267 in Frostburg to the lowest home value of $45,633 in Mount Savage.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Allegany County, MD ranges from the highest value of $422,981 in Ellerslie to the lowest value of $22,000 in Cumberland. Bank owned homes and properties account for 0.09% of properties in Allegany County, MD. There are 16 cities within Allegany County, MD; Cumberland containing 17 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsCumberland has 7 auction properties, the highest number of properties going to auction in a single city in the state of Allegany County, MD. Auction homes and other auction properties account for 0.05% of all properties in Allegany County, MD. There are 16 cities within Allegany County, MD; of those cities, the median estimated home value for homes going to auction ranges from $283,588 in Midlothian to the lowest value of $40,378 in Midlothian.
Compare Nearby Cities
More Real Estate Resources for Allegany County, MD
Guide for Allegany County, MD
Baltimore’s real estate market showcases significant growth with increasing property values and sale prices, indicating robust demand and investor confidence.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.
An examination of the real estate market in Anchorage, Alaska, comparing property values, sales trends, and foreclosure rates with nearby cities to provide a comprehensive understanding of regional market trends.