Essex, MD

Essex is a town located in Harford County, Maryland. The population was 16,827 at the 2010 census. Essex is home to the University of Maryland Eastern Shore and is known for its beaches and seafood. The town's economy is based on tourism, government services, and manufacturing.

Real estate in Essex has seen a significant increase in prices over the past few years. In 2009, the median price for a single-family home was $157,000; by 2013 that number had increased to $248,000. This trend seems to be continuing as of 2016 with the median price for a single-family home being $269,900. There are many reasons why prices have increased so much in Essex; one reason could be that there are more people living in Essex than ever before which has led to an increase in demand for housing. Additionally, there are many new developments being built in Essex which also contributes to rising prices.

Overall, real estate in Essex appears to be doing well; however there may be some potential risks associated with buying or selling property in this area. For example, if there is a downturn in the economy or if there are any other unforeseen events that occur then prices could drop significantly which would impact both buyers and sellers negatively.