Allegany County, MD Home Values & Market Trends
The median home price in Allegany County, MD is $134,030.53. There were 1,218 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 $86,061. The number of current listings in Allegany County, MD is 150, and the percentage of properties for sale is 150.00%. The county has 60 foreclosures, 24 bank owned properties, 14 headed for auction, and 150 properties for sale.
Allegany County, MD Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Cumberland | $ 139,900 $ 76/sqft | Ellerslie | $ 175,000 $ 122/sqft |
| Frostburg | $ 141,409 $ 78/sqft | Rawlings | $ 156,473 $ 107/sqft |
| Westernport | $ 75,000 $ 41/sqft | Spring Gap | $ -- $ -- |
| Flintstone | $ 280,000 $ 114/sqft | Luke | $ -- $ -- |
| Mount Savage | $ 92,440 $ 77/sqft | Pinto | $ -- $ -- |
| Lonaconing | $ 189,900 $ 79/sqft | Midlothian | $ -- $ -- |
| Barton | $ 280,552 $ 63/sqft | Little Orleans | $ -- $ -- |
| Oldtown | $ 252,344 $ 70/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 $285,000, and Westernport is most affordable with average house prices of around $75,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.09% 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 8 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.
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More Real Estate Resources for Allegany County, MD
Guide for Allegany County, MD
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