Multi-family Foreclosures in Long Island, ME

Current Market Conditions in Long Island, ME

The real estate market on Long Island is competitive, with demand for homes typically outpacing supply during the peak summer months when the island sees an influx of seasonal residents. Properties often sell within weeks, particularly those with stunning waterfront views or direct access to the beach. As interest in remote working grows, Long Island has become more attractive to buyers looking for a second home or a full-time escape from urban living.

The price fluctuations in Long Island's market are generally influenced by seasonal trends, with prices peaking in summer. The ongoing interest in beachfront properties has kept values stable, although some properties have seen a modest increase in value as buyers seek more space and outdoor opportunities.

Rent Prices In Long Island, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Long Island, ME, is on a rollercoaster ride. The average rent price in Long Island, ME, is $1,516.00. Indeed, when looking to rent in Long Island, ME, you can expect to pay as little as $1,150.00 or as much as $1,990.00, with the average rent median estimated to be $1,530.00. The good news is that finding an affordable and desirable property to rent in Long Island, 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.