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Foreclosure Homes in Madison, ME 04950

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Madison, ME Foreclosures

How much do homes sell for in Madison, ME?
The average home price is currently $247,990.
In Madison, ME, how many homes are available?
There are currently 7 active home listings available in Madison.
What’s the average rental cost in Madison, ME?
The average rental price in Madison is $920.
What is the most expensive home in Madison?
The most expensive home sold in Madison had a price of $1,666,700.
What is currently the cheapest priced home in Madison, ME?
The cheapest home for sale in Madison is priced at $10,429.

Living in Madison, ME

Madison, located in central Maine, is a quaint town perfect for those who enjoy outdoor activities and a close-knit community atmosphere. With its beautiful scenery and easy access to recreational facilities, Madison is an ideal place for families and nature lovers alike. The town offers a range of amenities to support daily living while maintaining a peaceful, rural lifestyle.

Current Market Conditions in Madison, ME

As of late 2023, the Madison real estate market is showing stable growth, attracting both first-time home buyers and investors. While home prices have experienced modest increases, the inventory remains consistent, making it a favorable time to buy. The demand for homes in the area is bolstered by the town's attractive lifestyle and supportive community.

Home Value Estimator For Madison, ME

There are currently 2,170 real estate properties in Madison, ME, with a median automated valuation model (AVM) price of $217,182.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Madison, 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 Madison, ME, is $247,990.00, with the most expensive house in Madison, ME, topping out at $1,666,700.00 and the cheapest home in Madison, ME, clocking in at $10,429.00. In other words, there’s something for every potential homebuyer or savvy investor in Madison, ME!

Rent Prices In Madison, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Madison, ME, is on a rollercoaster ride. The average rent price in Madison, ME, is $920.00. Indeed, when looking to rent in Madison, ME, you can expect to pay as little as $630.00 or as much as $1,350.00, with the average rent median estimated to be $890.00. The good news is that finding an affordable and desirable property to rent in Madison, 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.

Madison, ME 04950 Foreclosures

Market Trend for Madison, ME

Total Listings Available: 7

Market Values:

Home Prices from $10,429 to $1,666,700

Average Sales Price: $247,990

Rental Values:

Rental from $630 to $1,350

Average Rent Value: $920 / month

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