Leonardtown's October First-Time Homebuyer Report

Leonardtown has a younger population than other areas in Maryland with a median age of 40 years. It is also affluent with a median income of $77,426 per household. The Leonardtown market primarily consists of detached houses, accounting for 87% of the current homes in the area. Leading the list of best schools in the city are Leonardtown Elementary School and Leonardtown Middle School.

Price Range

Homes in Leonardtown are generally more expensive than others in the state with a median home value of $304,800 and an average list price of $356,928. The Leonardtown market saw sales remain flat this week with four homes sold over the last 30 days, while new listings climbed to two.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Leonardtown:

$374K   $309K   $264K  

Typical Dwelling

A four-bedroom detached home valued around $388,928 is considered a typical dwelling in Leonardtown. If a buyer was looking for a similar home, they would need good credit and a $77,786 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,791 and the property tax rate is $8.74 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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