U.S. median home prices have recorded year-over-year gains for 74 consecutive months, rising to $257,900 in April compared to $245,000 a year earlier, according to the National Association of Realtors.
One reason is there are too few homes for the number of people looking to buy. Of course, location means a lot in real estate, and a home in a desirable area of a huge city where there’s a lot of competition – and plenty of higher-paying jobs – is likely to sell for more than a similar place in a less-populated area.
There aren’t very many homes at this price point, and if you’re seeking to purchase, you will want an experienced Long & Foster buyer’s agent, who may know of homes that haven’t been listed yet and can advise you on the steps to take to get the home you want.
And if you’re a seller, your Long & Foster agent will have the training and experience to price and market your home for maximum value.
Here are 10 properties for sale within Long & Foster Real Estate’s footprint in the Mid-Atlantic and Northeast, and in the ballpark of the U.S. median home price:
Bensalem, PA, $250,000
3 bedrooms, 2 bathrooms, 1,296 square feet
Absecon, NJ, $259,900
3 bedrooms, 2.5 bathrooms
Wilmington, DE, $259,900
2 Bed, 2 Bath, 1,100 Square feet
Salisbury, MD, $258,000
4 bedrooms, 3.5 bathrooms, 3,332 square feet
Richmond, Va, $259,900
4 bedrooms, 3 bathrooms, 1,974 square feet
Virginia Beach, VA, $259,900
4 bedrooms, 2.5 bathrooms, 1,803 square feet.
Raleigh, N.C., $254,000
3 bedroom, 2 bathroom, 1,600 square feet
Roanoke, VA, $269,000
4 bedrooms, 3 bathrooms, 2,937 square feet
Delmar, DE, $256,900
3 bedrooms, 2 bathrooms, 1,723 square feet
Terra Alta, WV, $259,700
4 bedrooms, 2.5 bathrooms, 2,488 square feet