Property prices for sale in Solomons (Maryland)

The prices in real estate in Solomons, in the Maryland region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

$578,787.67
Average price last 6 months
$1,075
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Solomons has increased strongly during the last 6 months. In September, the average price per sq.feet was $309. In the following month the price per sq.feet increased to $335. The price for the following two months in (November, December) had a considerable decrease of 81 with regard to the prior two months. The price per sq.feet has had a considerable increase of 908 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $291 to $2,643 during January, and February.

Average price

Based upon to the price in Solomons (cities), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $767,361. In October This price remains at $739,509. During the following two months (November, December) the average price had a considerable reduction of 67 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $628,093 to $480,177, which means a 76 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $472,934 they are 13 % more affordable than the average price for Solomons. The properties with the lowest average price have 1 bedroom, Their price is 12 % cheaper than the average. After that we have properties with 2 bedrooms priced at $412,374.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $182 / sq.feet, with an average $5,015 / sq.feet price in Solomons. The properties with the lowest average prices have 1 bedroom. They are 96 % cheaper than the average followed by properties with 2 bedrooms with a price at $182 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $472,934 it is 20 % cheaper than the average price in Solomons. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $378,802 it is 13 % more affordable than the average price.

According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $122 / sq.feet followed by "House" priced at $182 / sq.feet. "House" is the cheapest type of property with a $182 / sq.feet value followed by "Duplex" with an average price of $122 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Solomons
Number of properties used in region Maryland
$472,934
$5,015
290
418,250
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value