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Foreclosure Homes in Hermon, ME 04401

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Hermon, ME Foreclosures

How much do homes sell for in Hermon, ME?
The average home price is currently $383,973.
In Hermon, ME, how many homes are available?
There are currently 9 active home listings available in Hermon.
What’s the average rental cost in Hermon, ME?
The average rental price in Hermon is $1,267.
What is the most expensive home in Hermon?
The most expensive home sold in Hermon had a price of $5,153,939.
What is currently the cheapest priced home in Hermon, ME?
The cheapest home for sale in Hermon is priced at $44,832.

Living in Hermon, ME

Hermon, Maine is a small, welcoming town known for its family-friendly atmosphere, excellent schools, and access to outdoor activities. The community features a blend of residential neighborhoods and local businesses, all while being conveniently close to the amenities of Bangor. Hermon offers a peaceful lifestyle enriched by a strong sense of community and easy access to nature.

Current Market Conditions in Hermon, ME

The real estate market in Hermon is currently experiencing steady growth, with an increase in demand for single-family homes. This has led to a slight rise in property values, making it an opportune time for both buyers and sellers. The area's affordability, compared to nearby urban centers, continues to attract new residents looking for more space and a quieter lifestyle.

As of late 2023, average home prices have risen but remain accessible for first-time buyers and families. The market is characterized by low inventory and high interest in homes that are well-maintained and move-in ready, leading to competitive bidding in desirable neighborhoods.

Home Value Estimator For Hermon, ME

There are currently 2,334 real estate properties in Hermon, ME, with a median automated valuation model (AVM) price of $365,674.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hermon, 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 Hermon, ME, is $383,973.00, with the most expensive house in Hermon, ME, topping out at $5,153,939.00 and the cheapest home in Hermon, ME, clocking in at $44,832.00. In other words, there’s something for every potential homebuyer or savvy investor in Hermon, ME!

Rent Prices In Hermon, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hermon, ME, is on a rollercoaster ride. The average rent price in Hermon, ME, is $1,267.00. Indeed, when looking to rent in Hermon, ME, you can expect to pay as little as $810.00 or as much as $1,720.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in Hermon, 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.

Hermon, ME 04401 Foreclosures


Market Trend for Hermon, ME

Total Listings Available: 9

Market Values:

Home Prices from $44,832 to $5,153,939

Average Sales Price: $383,973

Rental Values:

Rental from $810 to $1,720

Average Rent Value: $1,267 / month

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