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Preforeclosure Homes in Auburn, ME

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Living in Auburn, ME

Auburn, Maine, is known for its scenic beauty and friendly community. Located in Androscoggin County, it offers a suburban feel with plenty of parks and outdoor activities. Residents enjoy access to lakes, hiking trails, and a vibrant downtown area with local shops and restaurants.

Current Market Conditions in Auburn, ME

The real estate market in Auburn is currently experiencing a steady demand, with a balanced mix of buyers and sellers. Home prices have seen moderate appreciation over the past year, reflecting the area's desirability among families and professionals seeking a quieter lifestyle with access to urban amenities.

Inventory levels are relatively stable; however, competition remains high due to the limited available housing. This trend indicates a favorable environment for sellers, while buyers may face challenges in finding their ideal home. Overall, Auburn's market conditions suggest healthy growth and continued interest in real estate investment.

Home Value Estimator For Auburn, ME

There are currently 7,725 real estate properties in Auburn, ME, with a median automated valuation model (AVM) price of $323,724.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Auburn, 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 Auburn, ME, is $363,927.00, with the most expensive house in Auburn, ME, topping out at $24,073,800.00 and the cheapest home in Auburn, ME, clocking in at $15,721.00. In other words, there’s something for every potential homebuyer or savvy investor in Auburn, ME!

Rent Prices In Auburn, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Auburn, ME, is on a rollercoaster ride. The average rent price in Auburn, ME, is $1,212.00. Indeed, when looking to rent in Auburn, ME, you can expect to pay as little as $720.00 or as much as $1,920.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Auburn, 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.

Auburn, ME Preforeclosure Homes


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