East Millinocket, ME Foreclosures
How much do homes sell for in East Millinocket, ME?
The average home price is currently $147,887.
In East Millinocket, ME, how many homes are available?
There are currently 2 active home listings available in East Millinocket.
What’s the average rental cost in East Millinocket, ME?
The average rental price in East Millinocket is $814.
What is the most expensive home in East Millinocket?
The most expensive home sold in East Millinocket had a price of $1,422,629.
What is currently the cheapest priced home in East Millinocket, ME?
The cheapest home for sale in East Millinocket is priced at $26,931.
Living in East Millinocket, ME
East Millinocket is a charming town in Maine, surrounded by stunning natural landscapes and offering various outdoor activities. The community boasts a strong family-friendly atmosphere, with local businesses and schools helping nurture its small-town spirit. Its proximity to Katahdin Woods and Waters enhances its appeal for outdoor enthusiasts.
Current Market Conditions in East Millinocket, ME
Recently, East Millinocket has seen a stable real estate market, characterized by modest price growth and steady demand for homes. The area's affordability compared to larger towns makes it an attractive option for families and retirees alike, further buoying home sales. Buyers are drawn to the town's unique blend of rural charm and accessibility to outdoor recreation.
The market is marked by an increasing number of first-time buyers, seeking entry-level homes for a lower cost than in neighboring areas. This trend has contributed to a higher volume of home sales, although inventory levels remain tight, leading to competitive bidding in some segments.
Home Value Estimator For East Millinocket, ME
There are currently 728 real estate properties
in East Millinocket, ME,
with a median automated valuation model (AVM) price
of $138,555.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in East Millinocket, 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 East Millinocket, ME,
is $147,887.00, with the most expensive house
in East Millinocket, ME, topping out
at $1,422,629.00 and the cheapest home
in East Millinocket, ME,
clocking in at $26,931.00. In other words, there’s
something for every potential homebuyer
or savvy investor in East Millinocket, ME!
Rent Prices
In East Millinocket, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in East Millinocket, ME, is on
a rollercoaster ride. The
average rent price in East Millinocket, ME,
is $814.00. Indeed, when looking to rent in
East Millinocket, ME, you can expect to pay as little
as $770.00 or as much
as $1,420.00,
with the average rent median estimated to
be $770.00. The good news is that finding
an affordable and desirable property to rent in East Millinocket, 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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