Farmington, ME Foreclosures
Current Market Conditions in in Farmington, ME As of January 2026?
In the past month, Farmington's real estate market has experienced a slight uptick in activity, with more homes being listed and increased viewings reported. The average time on the market for homes has reduced, indicating a rising demand likely driven by buyers seeking refuge from bustling urban areas. Prices have remained relatively stable, but there are signs of upward pressure as inventory sees healthy turnover rates, leading to competitive bidding in some cases.
How much do homes sell for in Farmington, ME?
The average home price is currently $282,146.
In Farmington, ME, how many homes are available?
There are currently 2 active home listings available in Farmington.
What’s the average rental cost in Farmington, ME?
The average rental price in Farmington is $1,107.
What is the most expensive home in Farmington?
The most expensive home sold in Farmington had a price of $6,246,287.
What is currently the cheapest priced home in Farmington, ME?
The cheapest home for sale in Farmington is priced at $12,937.
Living in Farmington, ME
Farmington is a charming small town located in the western part of Maine. Known for its rich history, beautiful landscapes, and vibrant community, it offers a unique blend of rural charm and modern amenities. Residents enjoy access to beautiful parks, educational institutions, and a close-knit community atmosphere.
Buyer vs Seller Market in Farmington, ME
The real estate market in Farmington, ME, is currently characterized by a steady demand for homes, particularly among those seeking a blend of affordability and quality of life. With a mix of historic homes and modern builds, buyers are drawn to the area for its scenic beauty and community feel. Recent trends indicate an increase in interest from out-of-state buyers looking to relocate to a more rural setting, further contributing to market stability.
Historically, Farmington has seen a gradual appreciation in home values, with many areas witnessing a rise of approximately 5-7% over the past couple of years. This sustained growth suggests a healthy market, with potential for long-term investment opportunities.
Home Value Estimator For Farmington, ME
There are currently 2,360 real estate properties
in Farmington, ME,
with a median automated valuation model (AVM) price
of $261,669.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Farmington, 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 Farmington, ME,
is $282,146.00, with the most expensive house
in Farmington, ME, topping out
at $6,246,287.00 and the cheapest home
in Farmington, ME,
clocking in at $12,937.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Farmington, ME!
Rent Prices
In Farmington, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Farmington, ME, is on
a rollercoaster ride. The
average rent price in Farmington, ME,
is $1,107.00. Indeed, when looking to rent in
Farmington, ME, you can expect to pay as little
as $990.00 or as much
as $1,350.00,
with the average rent median estimated to
be $1,120.00. The good news is that finding
an affordable and desirable property to rent in Farmington, 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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