Millinocket, ME Foreclosures
How much do homes sell for in Millinocket, ME?
The average home price is currently $150,328.
In Millinocket, ME, how many homes are available?
There are currently 3 active home listings available in Millinocket.
What’s the average rental cost in Millinocket, ME?
The average rental price in Millinocket is $811.
What is the most expensive home in Millinocket?
The most expensive home sold in Millinocket had a price of $2,225,787.
What is currently the cheapest priced home in Millinocket, ME?
The cheapest home for sale in Millinocket is priced at $12,853.
Living in Millinocket, ME
Millinocket is a charming town nestled at the base of Mount Katahdin and offers a unique blend of outdoor adventure and small-town charm. The town is known for its access to natural beauty, rich history, and a tight-knit community atmosphere. Home values are generally affordable, making it an attractive destination for homebuyers seeking tranquility near the great outdoors.
Current Market Conditions in Millinocket, ME
Millinocket's real estate market is currently experiencing a resurgence, with home prices stabilizing and even seeing modest increases in recent months. The demand for homes has been steady, particularly from those seeking vacation homes or retirees looking for a peaceful community. As the market continues to mature, buyers are taking advantage of the more favorable prices compared to larger urban areas, making Millinocket an appealing option for those moving to Maine.
In the past year, Millinocket has seen an uptick in buyer interest, largely due to the increasing appeal of rural living. This trend has led to a competitive market in certain neighborhoods, especially those closer to outdoor attractions. Sellers are often receiving multiple offers, which can drive prices slightly higher than the previous year.
Home Value Estimator For Millinocket, ME
There are currently 2,002 real estate properties
in Millinocket, ME,
with a median automated valuation model (AVM) price
of $150,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Millinocket, 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 Millinocket, ME,
is $150,328.00, with the most expensive house
in Millinocket, ME, topping out
at $2,225,787.00 and the cheapest home
in Millinocket, ME,
clocking in at $12,853.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Millinocket, ME!
Rent Prices
In Millinocket, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Millinocket, ME, is on
a rollercoaster ride. The
average rent price in Millinocket, ME,
is $811.00. Indeed, when looking to rent in
Millinocket, ME, you can expect to pay as little
as $720.00 or as much
as $1,520.00,
with the average rent median estimated to
be $800.00. The good news is that finding
an affordable and desirable property to rent in Millinocket, 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
