Detroit, ME Foreclosures
How much do homes sell for in Detroit, ME?
The average home price is currently $220,590.
What’s the average rental cost in Detroit, ME?
The average rental price in Detroit is $1,004.
What is the most expensive home in Detroit?
The most expensive home sold in Detroit had a price of $973,091.
What is currently the cheapest priced home in Detroit, ME?
The cheapest home for sale in Detroit is priced at $20,330.
Living in Detroit, ME
Detroit, Maine, is a charming small town located along the scenic banks of the Sebasticook River. The community offers a peaceful rural lifestyle with ample opportunities for outdoor activities such as hiking, fishing, and boating. Residents enjoy a close-knit atmosphere with friendly neighbors and a rich local history.
Current Market Conditions in Detroit, ME
The real estate market in Detroit, ME, has shown signs of stability, with a consistent demand for family homes in this tight-knit community. There is a growing interest in properties that offer both land and access to natural resources, appealing to buyers looking for a rural lifestyle. Home prices have seen moderate growth over the past year as the appeal of small-town living increases post-pandemic.
In recent months, the market has seen increased activity with a mix of first-time homebuyers and retirees seeking to settle down in a quiet environment. Inventory levels remain low, leading to competitive bidding scenarios for desirable properties.
Home Value Estimator For Detroit, ME
There are currently 291 real estate properties
in Detroit, ME,
with a median automated valuation model (AVM) price
of $199,106.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Detroit, 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 Detroit, ME,
is $220,590.00, with the most expensive house
in Detroit, ME, topping out
at $973,091.00 and the cheapest home
in Detroit, ME,
clocking in at $20,330.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Detroit, ME!
Rent Prices
In Detroit, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Detroit, ME, is on
a rollercoaster ride. The
average rent price in Detroit, ME,
is $1,004.00. Indeed, when looking to rent in
Detroit, ME, you can expect to pay as little
as $890.00 or as much
as $1,380.00,
with the average rent median estimated to
be $1,000.00. The good news is that finding
an affordable and desirable property to rent in Detroit, 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
