Andover, ME Foreclosures
How much do homes sell for in Andover, ME?
The average home price is currently $247,944.
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 $520,425.
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 is a charming small town nestled in the foothills of the western mountains of Maine. Known for its stunning natural beauty and tight-knit community, Andover offers residents a peaceful lifestyle surrounded by outdoor adventures like hiking, skiing, and snowmobiling. The town features historic buildings, scenic views, and a friendly atmosphere that makes it perfect for families and those seeking tranquility.
Current Market Conditions in Andover, ME
Currently, the real estate market in Andover is experiencing steady growth, with a significant interest from buyers looking for vacation homes and relocations. Prices have remained relatively stable, attracting a mix of retirees and younger families seeking affordable housing options in a tranquil setting. The town's appeal lies in its proximity to various outdoor activities, which continues to draw interest, particularly from those who enjoy an active, nature-oriented lifestyle.
As more people discover the charm of Andover, the demand for homes has increased slightly, resulting in a slow and steady appreciation of property values. This momentum suggests a sustained interest in the area, making it a potential hot spot for future investments.
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 $243,348.00. 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 $247,944.00, with the most expensive house
in Andover, ME, topping out
at $520,425.00 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
