Hermon, ME Foreclosures
How much do homes sell for in Hermon, ME?
The average home price is currently $386,765.
In Hermon, ME, how many homes are available?
There are currently 10 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 $4,681,614.
What is currently the cheapest priced home in Hermon, ME?
The cheapest home for sale in Hermon is priced at $44,443.
Living in Hermon, ME
Hermon, ME is a small, family-oriented town known for its friendly community and beautiful natural surroundings. With various outdoor recreational activities, quality local schools, and close proximity to Bangor, residents enjoy the best of both rural and suburban living. Its peaceful atmosphere paired with convenient amenities makes Hermon an ideal place to call home.
Current Market Conditions in Hermon, ME
The real estate market in Hermon has seen noticeable growth over the past year, with an increasing demand for homes in family-friendly neighborhoods. The influx of buyers is driven by the town's appealing lifestyle and affordable housing options compared to nearby urban centers. As a result, home prices have gradually risen, attracting both first-time homebuyers and those looking for vacation properties.
Currently, the market remains competitive, with homes selling relatively quickly. The average time on the market has decreased, indicating a strong demand. There has been a notable interest from buyers seeking larger homes with outdoor space, which is reflective of the ongoing trend toward remote working and wanting more livable space.
Overall, Hermon's market conditions suggest a healthy real estate landscape, with more activities planned for development, making it an attractive place for future investments.
Home Value Estimator For Hermon, ME
There are currently 2,336 real estate properties
in Hermon, ME,
with a median automated valuation model (AVM) price
of $367,814.00. 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 $386,765.00, with the most expensive house
in Hermon, ME, topping out
at $4,681,614.00 and the cheapest home
in Hermon, ME,
clocking in at $44,443.00. 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.
Learn more on Foreclosure homes
