Old Town, ME Foreclosures
How much do homes sell for in Old Town, ME?
The average home price is currently $279,097.
In Old Town, ME, how many homes are available?
There are currently 9 active home listings available in Old Town.
What’s the average rental cost in Old Town, ME?
The average rental price in Old Town is $1,185.
What is the most expensive home in Old Town?
The most expensive home sold in Old Town had a price of $2,611,791.
What is currently the cheapest priced home in Old Town, ME?
The cheapest home for sale in Old Town is priced at $11,785.
Living in Old Town, ME
Old Town, ME is a quaint riverside town with a rich historical background and a vibrant community spirit. Residents enjoy outdoor activities, local amenities, and well-rated schools. With its close proximity to Bangor, Old Town offers a peaceful lifestyle without sacrificing access to urban conveniences.
Current Market Conditions in Old Town, ME
The real estate market in Old Town, ME has remained stable over the past few months, showing a moderate appreciation in home values. The demand for homes has increased, attributed to the area's appealing lifestyle and affordability compared to nearby cities. Market activity is primarily driven by first-time home buyers and retirees seeking a quiet community.
Currently, Old Town's property inventory is lower than average, making it somewhat competitive for buyers. Homes priced under $250,000 are in particularly high demand, reflecting the town's affordability. Overall, buyers can find a range of options, including single-family homes and townhouses.
Home Value Estimator For Old Town, ME
There are currently 2,989 real estate properties
in Old Town, ME,
with a median automated valuation model (AVM) price
of $259,173.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Old Town, 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 Old Town, ME,
is $279,097.00, with the most expensive house
in Old Town, ME, topping out
at $2,611,791.00 and the cheapest home
in Old Town, ME,
clocking in at $11,785.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Old Town, ME!
Rent Prices
In Old Town, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Old Town, ME, is on
a rollercoaster ride. The
average rent price in Old Town, ME,
is $1,185.00. Indeed, when looking to rent in
Old Town, ME, you can expect to pay as little
as $740.00 or as much
as $1,980.00,
with the average rent median estimated to
be $1,170.00. The good news is that finding
an affordable and desirable property to rent in Old Town, 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
