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MD Avg Real Estate Commission Rate in Hagerstown, Maryland

Hagerstown is a city in Washington County, Maryland, United States. It is the county seat of Washington County. The population of Hagerstown city proper at the 2010 census was 39,662, and the population of the Hagerstown-Martinsburg Metropolitan Area (extending into West Virginia) was 269,140. Hagerstown ranks as Maryland's sixth largest incorporated city.

Hagerstown has a distinct topography, formed by stone ridges running from northeast to southwest through the center of town. Geography accordingly bounds its neighborhoods. These ridges consist of upper Stonehenge limestone. Many of the older buildings were built from this stone, which is easily quarried and dressed onsite. It whitens in weathering and the edgewise conglomerate and wavy laminae become distinctly visible, giving a handsome and uniquely “Cumberland Valley” appearance. Several of Hagerstown’s churches are constructed of Stonehenge limestone and its value and beauty as building rock may be seen particularly in St. John’s Episcopal Church on West Antietam Street and the Presbyterian Church at the corner of Washington and Prospect Streets. Brick and concrete eventually displaced this native stone in the construction process.

Hagerstown anchors the Hagerstown-Martinsburg, MD-WV Metropolitan Statistical Area, which lies just northwest of the Washington-Baltimore-Northern Virginia, DC-MD-VA-WV Combined Statistical Area in the heart of the Great Appalachian Valley. The population of the metropolitan area in 2010 was 269,140. Greater Hagerstown is the fastest-growing metropolitan area in the state of Maryland and among the fastest growing in the United States.

Despite its semi-rural Western Maryland setting, Hagerstown is a center of transit and commerce. Interstates 81 and 70, CSX, Norfolk Southern, and the Winchester and Western railroads, and Hagerstown Regional Airport form an extensive transportation network for the city. Hagerstown is also the chief commercial and industrial hub for a greater Tri-State Area that includes much of Western Maryland as well as significant portions of South Central Pennsylvania and the Eastern Panhandle of West Virginia. Hagerstown has often been referred to as, and is nicknamed, the Hub City. A person born in Hagerstown is officially called a Hagerstonian.

 

Hagerstown, Maryland Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Hagerstown-Martinsburg, MD-WV, Maryland. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Hagerstown, Maryland, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0%-5.5%%

Very Competitive Commission: 4.5%-4.99%

The median existing single-family home price in the South rose 6.7%, to $229,400, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Maryland, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Baltimore-Columbia-Towson $277,000 4.20%
Cumberland, MD-WV $98,200 3.50%
Hagerstown-Martinsburg, MD-WV $174,700 4.90%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $239,100 3.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV $428,700 5.40%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Maryland.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

As of the census of 2010, there were 39,662 people, 16,449 households, and 9,436 families residing in the city. The population density was 3,364.0 inhabitants per square mile (1,298.8/km2). There were 18,682 housing units at an average density of 1,584.6 per square mile (611.8/km2). The racial makeup of the city was 75.8% White, 15.5% African American, 0.3% Native American, 1.3% Asian, 0.1% Pacific Islander, 2.1% from other races, and 5.1% from two or more races. Hispanic or Latino of any race were 5.6% of the population.

There were 16,449 households of which 32.9% had children under the age of 18 living with them, 33.6% were married couples living together, 18.4% had a female householder with no husband present, 5.4% had a male householder with no wife present, and 42.6% were non-families. 34.5% of all households were made up of individuals and 10.5% had someone living alone who was 65 years of age or older. The average household size was 2.36 and the average family size was 3.04.

The median age in the city was 34.5 years. 25.8% of residents were under the age of 18; 9.5% were between the ages of 18 and 24; 28.6% were from 25 to 44; 24% were from 45 to 64; and 12.3% were 65 years of age or older. The gender makeup of the city was 47.3% male and 52.7% female. Between 2011 and 2015, 26.8 % of the population lived in poverty.

 

ECONOMY:

Once primarily an industrial community, Hagerstown's economy depended heavily on railroad transportation and manufacturing, notably of aircraft, trucks, automobiles, textiles, and furniture. Today, the city has a diversified, stable business environment with modern service companies in various fields as well as continued strength in manufacturing and transportation in railroads and highways. Surrounding Hagerstown, there has been and continues to be a strong agricultural presence while tourism, especially with respect to the retail sector, also provides support to the local economy.

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - Hagerstown - Maryland