Preston, MD Home Values & Market Trends
Real estate market trends reflect that there have been 61 transactions over the past year in Preston. The median value for residential home transactions that occurred over the previous year is $284,664.19. The number of current listings in Preston is 7, and the percentage of properties for sale in the city is 7.00%. Preston, MD currently has 6 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 7 properties for sale.
Preston, MD Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 21655 | $ 334,994 $ 181/sqft |
Housing Market Summary for Preston, MD
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $297.5K | $327.2K | 9.98% |
| Median Sold Price | $289.9K | $327.2K | 12.87% |
| Homes For Sale | 8 | 8 | - |
| Homes Sold | 42 | 28 | -33.33% |
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 Preston, MD
Browse Homes in Preston, MD
Preston home values range from $20,396 to $1,525,500. The median estimated value of a home in Preston is $284,664.19. The median list price of a home is 264,000, and the total count of properties in the city is 1,702.
- Pre-ForeclosurePre-foreclosure homes account for 0.18% of all residential properties in Preston, MD with 21655 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Preston, MD; of that zips, the estimated home value for pre-foreclosure homes ranges from $321,759 in 21655 to the lowest home value of $149,361 in 21655.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Preston, MD ranges from the highest value of $48,000 in 21655 to the lowest value of $48,000 in 21655. Bank owned homes and properties account for 0.06% of properties in Preston, MD. There is 1 zips within Preston, MD; 21655 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions21655 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Preston, MD. Auction homes and other auction properties account for 0.12% of all properties in Preston, MD. There is 1 zips within Preston, MD; of that zips, the median estimated home value for homes going to auction ranges from $490,164 in 21655 to the lowest value of $160,235 in 21655.
Compare Nearby Cities
More Real Estate Resources for Preston, MD
Guide for Preston, MD
Baltimore’s real estate market showcases significant growth with increasing property values and sale prices, indicating robust demand and investor confidence.
Sometime we need to make changes to our budget to cope with higher interest rates. Here are some tips!
When house prices increase near good school, what options do home buyer have?
Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.