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Bankruptcy Homes in Hallowell, ME 04347

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Hallowell, ME Foreclosures

How much do homes sell for in Hallowell, ME?
The average home price is currently $471,344.
In Hallowell, ME, how many homes are available?
There are currently 2 active home listings available in Hallowell.
What’s the average rental cost in Hallowell, ME?
The average rental price in Hallowell is $1,596.
What is the most expensive home in Hallowell?
The most expensive home sold in Hallowell had a price of $6,406,133.
What is currently the cheapest priced home in Hallowell, ME?
The cheapest home for sale in Hallowell is priced at $75,237.

Living in Hallowell, ME

Hallowell, Maine is a picturesque small city known for its historic architecture and vibrant community life. Located along the scenic Kennebec River, Hallowell offers various outdoor recreational activities and a charming downtown with unique shops and restaurants. Its close-knit community and proximity to Augusta enhance the appeal of this quaint city.

Current Market Conditions in Hallowell, ME

Hallowell’s real estate market is currently strong, with a diverse range of properties available, from historic homes to new constructions. Demand has increased due to low interest rates and a growing desire for residents to live in small, welcoming communities with access to nature and artistic culture. The area has seen an influx of new families, contributing to a competitive market.

In the last few months, there has been a noticeable increase in home prices, as buyers are drawn to the area's beauty and community spirit. This uptick is coupled with a limited inventory, making it a seller's market. Homes that are well-maintained and located in desirable neighborhoods tend to receive multiple offers.

Home Value Estimator For Hallowell, ME

There are currently 1,020 real estate properties in Hallowell, ME, with a median automated valuation model (AVM) price of $417,208.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hallowell, 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 Hallowell, ME, is $471,344.00, with the most expensive house in Hallowell, ME, topping out at $6,406,133.00 and the cheapest home in Hallowell, ME, clocking in at $75,237.00. In other words, there’s something for every potential homebuyer or savvy investor in Hallowell, ME!

Rent Prices In Hallowell, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hallowell, ME, is on a rollercoaster ride. The average rent price in Hallowell, ME, is $1,596.00. Indeed, when looking to rent in Hallowell, ME, you can expect to pay as little as $940.00 or as much as $1,640.00, with the average rent median estimated to be $1,640.00. The good news is that finding an affordable and desirable property to rent in Hallowell, 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.

Hallowell, ME 04347 Bankruptcy Homes

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