Lake Arbor Real Estate

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Lake Arbor, Maryland
Average Home Sizes and Asking Prices

Updated On: August 18, 2017
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
20721 1,600 sf $526,000 1,300 sf $345,000 48 500 sf $305,000 16

20721 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  1   $222k
 1 Year Ago  2   $360k
 6 Months Ago   2   $319k
 1 Month Ago  5   $370k
 Today  4   $345k
*Averaged for 3 bedroom active listings

Asking Price in 20721 - 3 Bedroom Single Family Homes
20721 real estate listing price trend

20721 sold real estate price trend
Demographics & Schools Mortgage Calculator Area Map

Lake Arbor Real Estate & Homes for Sale in Maryland

Recognized by MONEY magazine as one of the best places to live (2007), the wonderful community of Lake Arbor, Maryland, and its friendly residents cant wait to welcome you home. Located in Prince Georges County less than an hours drive from Baltimore, MD, and about a half-hour drive from Washington, DC, residents get to live a lavishly quiet lifestyle without sacrificing all the amenities of a major metropolitan city. The homes in Lake Arbor reflect the diversity of the community, both in housing style and in price points; the average listing price for a home in Lake Arbor currently stands at just under $365,000. Since the real estate market in Lake Arbor is affordable, the community is an ideal location for first-time buyers, young families, professionals who work in Washington, DC, and retirees.

Lake Arbors central location gives residents an advantage when it comes to recreational opportunities and exploring different areas of interest. Thrill seekers everywhere can appreciate living just minutes away from Six Flags America and Hurricane Harbor in neighboring Mitchellville, while professional and amateur golfers can play a few rounds out on the links at three local courses. Of course, many more attractions such as museums, art galleries, restaurants and other cultural performances can be found in our Nations Capital. Lake Arbors young scholars attend the schools of the Prince Georges County Public Schools system and once theyre ready to fulfill their higher learning ambitions, nearby colleges and universities such as Prince Georges Community College and University of Maryland awaits them.

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Lake Arbor Real Estate Market Info - Prices of Houses for Sale in Lake Arbor

Lake Arbors real estate market is eclectic in both selection and pricing. Future homebuyers will find that many of Lake Arbors houses are located in neighborhoods near community parks, shopping centers and golf courses. Lake Arbor is a terrific place to settle down especially if you happen to work in the Baltimore or Washington, DC metro areas as the community is within proximity to four major highways and interstate freeways. Average listing prices for properties in Lake Arbor are approximately $365,000, yet buyers will easily find a Lake Arbor house for as low as $250,000. Million dollar estates can also be found throughout Lake Arbor. For a property on the smaller scale, buyers can look toward Prince Georges County condos or Lake Arbor townhomes; prices start at $150,000.

Lake Arbor Real Estate Stats and Trends for the week of August 14th, 2017: homes priced around $344,500 compared to $344,500 the previous week, to remain steady with no change in listing price.  For Friday, August 18th, the current national mortgage rate for a 30 year fixed mortgage is 3.78%; the 15 year fixed rate is at 2.99%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.08%, while the 15 year jumbo rate currently is at 3.70%.

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