Glen Echo First-Time Homebuyer Report for October

Glen Echo is younger the rest of Maryland, with a median age of 42. However, it happens to be the 10th- richest city in the state, with a median income of $165,407 per household. Detached homes account for 100% of the area's current housing market.

Price Range

Some of the more expensive homes in Maryland are in Glen Echo with a median home value of $748,900 and an average list price for available homes currently at $1,510,250. The Glen Echo market has remained completely quiet for some time as, once more this week, no sales were reported over the previous 30 days. Glen Echo usually averages 0.2 sales per month.

Curious as to which homes have been getting the most attention in Glen Echo? These listings have stirred up interest and produced the most views:

$1.2M  

Typical Dwelling

The typical dwelling in Glen Echo is a six-bedroom detached home worth about $1,495,000. To purchase a similar home, a buyer with good credit and a $299,000 cash down payment could obtain a mortgage with a 3.95% interest rate and a $139 monthly payment. The property tax rate is $12.02 per $1,000 of taxable assessed value.

Get started right now by checking out Glen Echo homes for sale or reviewing Glen Echo real estate trends.


Data reported through 10/13/2016

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