Andover, ME Foreclosures
How much do homes sell for in Andover, ME?
The average home price is currently $254,204.
In Andover, ME, how many homes are available?
There are currently 1 active home listings available in Andover.
What’s the average rental cost in Andover, ME?
The average rental price in Andover is $1,220.
What is the most expensive home in Andover?
The most expensive home sold in Andover had a price of $543,639.
What is currently the cheapest priced home in Andover, ME?
The cheapest home for sale in Andover is priced at $51,920.
Living in Andover, ME
Andover, ME, is a quaint town surrounded by rolling hills and outdoor adventures. Known for its welcoming community and affordability, it offers a charming lifestyle perfect for nature lovers. Residents enjoy recreational activities year-round, making it a desirable location for families and outdoor enthusiasts alike.
Current Market Conditions in Andover, ME
The current real estate market in Andover, ME, is characterized by a mix of rising interest from buyers seeking a tranquil, rural lifestyle and a limited inventory of homes. This demand has led to competitive pricing in certain segments of the market, particularly for well-maintained properties that offer access to local nature trails and outdoor activities. Sellers are seeing quicker sales with multiple offer situations becoming more common as a result of this growing interest.
Rising lumber prices and construction costs have impacted new home building, which contributes to the tight inventory. As more remote workers seek homes in quieter towns like Andover, the real estate market is expected to remain robust.
Home Value Estimator For Andover, ME
There are currently 64 real estate properties
in Andover, ME,
with a median automated valuation model (AVM) price
of $251,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Andover, ME, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Andover, ME,
is $254,204.00, with the most expensive house
in Andover, ME, topping out
at $543,639.00 and the cheapest home
in Andover, ME,
clocking in at $51,920.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Andover, ME!
Rent Prices
In Andover, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Andover, ME, is on
a rollercoaster ride. The
average rent price in Andover, ME,
is $1,220.00. Indeed, when looking to rent in
Andover, ME, you can expect to pay as little
as $1,000.00 or as much
as $1,430.00,
with the average rent median estimated to
be $1,240.00. The good news is that finding
an affordable and desirable property to rent in Andover, ME
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
