Minot, ME Foreclosures
How much do homes sell for in Minot, ME?
The average home price is currently $363,084.
In Minot, ME, how many homes are available?
There are currently 114 active home listings available in Minot.
What’s the average rental cost in Minot, ME?
The average rental price in Minot is $1,524.
What is the most expensive home in Minot?
The most expensive home sold in Minot had a price of $1,294,828.
What is currently the cheapest priced home in Minot, ME?
The cheapest home for sale in Minot is priced at $28,312.
Living in Minot, ME
Minot is a charming small town located in Androscoggin County, known for its rural charm and community spirit. With a close-knit population, it offers a peaceful lifestyle with beautiful scenery and plenty of outdoor activities. Residents enjoy the tranquility of country living while still being relatively close to the amenities of nearby cities.
Current Market Conditions in Minot, ME
The real estate market in Minot is currently experiencing a moderate increase in demand, with more families seeking the tranquil lifestyle the town offers. Home prices have been steadily rising, driven by low inventory and an influx of new buyers looking for properties that offer both space and serenity. As Minot continues to grow in popularity, it remains a competitive market for home buyers and investors alike.
Recently, there has been a notable upward trend in sales, particularly among single-family homes. The appeal of nature, coupled with affordable pricing compared to nearby urban areas, creates a unique market dynamic that fosters continued interest.
Home Value Estimator For Minot, ME
There are currently 974 real estate properties
in Minot, ME,
with a median automated valuation model (AVM) price
of $351,521.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Minot, 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 Minot, ME,
is $363,084.00, with the most expensive house
in Minot, ME, topping out
at $1,294,828.00 and the cheapest home
in Minot, ME,
clocking in at $28,312.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Minot, ME!
Rent Prices
In Minot, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Minot, ME, is on
a rollercoaster ride. The
average rent price in Minot, ME,
is $1,524.00. Indeed, when looking to rent in
Minot, ME, you can expect to pay as little
as $950.00 or as much
as $1,940.00,
with the average rent median estimated to
be $1,490.00. The good news is that finding
an affordable and desirable property to rent in Minot, 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
