Mercer, ME Foreclosures
How much do homes sell for in Mercer, ME?
The average home price is currently $274,007.
In Mercer, ME, how many homes are available?
There are currently 1 active home listings available in Mercer.
What’s the average rental cost in Mercer, ME?
The average rental price in Mercer is $1,056.
What is the most expensive home in Mercer?
The most expensive home sold in Mercer had a price of $979,922.
What is currently the cheapest priced home in Mercer, ME?
The cheapest home for sale in Mercer is priced at $29,471.
Living in Mercer, ME
Mercer is a quaint and serene town in southern Maine known for its beautiful lakes and outdoor recreational activities. The community is tight-knit, allowing residents to enjoy a peaceful lifestyle amidst nature. With access to quality schools and a range of local amenities, Mercer offers an inviting atmosphere for families and individuals alike.
Current Market Conditions in Mercer, ME
The Mercer real estate market has experienced a recent increase in demand, especially for vacation homes and seasonal rentals due to the area's natural beauty and recreational opportunities. Many buyers are seeking properties that allow them to enjoy outdoor activities year-round, which has led to rising prices in some segments of the market.
As of the latest data, average home prices in Mercer are steadily increasing, indicating a strong market trend as buyers are attracted to the town's peaceful settings and community-oriented lifestyle. Investment in properties that cater to seasonal tourism may see favorable returns.
Home Value Estimator For Mercer, ME
There are currently 171 real estate properties
in Mercer, ME,
with a median automated valuation model (AVM) price
of $263,023.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mercer, 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 Mercer, ME,
is $274,007.00, with the most expensive house
in Mercer, ME, topping out
at $979,922.00 and the cheapest home
in Mercer, ME,
clocking in at $29,471.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mercer, ME!
Rent Prices
In Mercer, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mercer, ME, is on
a rollercoaster ride. The
average rent price in Mercer, ME,
is $1,056.00. Indeed, when looking to rent in
Mercer, ME, you can expect to pay as little
as $940.00 or as much
as $1,190.00,
with the average rent median estimated to
be $1,060.00. The good news is that finding
an affordable and desirable property to rent in Mercer, 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
