Durham, ME Foreclosures
How much do homes sell for in Durham, ME?
The average home price is currently $469,701.
In Durham, ME, how many homes are available?
There are currently 5 active home listings available in Durham.
What’s the average rental cost in Durham, ME?
The average rental price in Durham is $1,465.
What is the most expensive home in Durham?
The most expensive home sold in Durham had a price of $1,614,477.
What is currently the cheapest priced home in Durham, ME?
The cheapest home for sale in Durham is priced at $34,300.
Living in Durham, ME
Durham, ME is a serene town with a tight-knit community surrounded by nature. Offering outdoor activities and access to local amenities, it's ideal for families and those seeking a peaceful lifestyle. The town’s connection to larger cities adds to its appeal without sacrificing the charm of small-town living.
Current Market Conditions in Durham, ME
The current real estate market in Durham, ME, is characterized by a steady demand for homes in the area, driven by its appealing natural surroundings and family-friendly environment. As more people seek alternatives to urban living, Durham has become a desirable location, resulting in increased interest from potential buyers and investors.
Historically, Durham's housing market has seen gradual appreciation, which suggests a stable investment opportunity for homebuyers looking to settle in a rural area with a growing community. New developments are being proposed, adding fuel to the rising property values and demonstrating the area's potential for future growth.
Home Value Estimator For Durham, ME
There are currently 1,726 real estate properties
in Durham, ME,
with a median automated valuation model (AVM) price
of $475,451.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Durham, 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 Durham, ME,
is $469,701.00, with the most expensive house
in Durham, ME, topping out
at $1,614,477.00 and the cheapest home
in Durham, ME,
clocking in at $34,300.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Durham, ME!
Rent Prices
In Durham, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Durham, ME, is on
a rollercoaster ride. The
average rent price in Durham, ME,
is $1,465.00. Indeed, when looking to rent in
Durham, ME, you can expect to pay as little
as $1,240.00 or as much
as $1,470.00,
with the average rent median estimated to
be $1,470.00. The good news is that finding
an affordable and desirable property to rent in Durham, 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.
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