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Foreclosure Homes in Old Town, ME 04468

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Old Town, ME Foreclosures

How much do homes sell for in Old Town, ME?
The average home price is currently $277,490.
In Old Town, ME, how many homes are available?
There are currently 7 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 $11,764.

Living in Old Town, ME

Old Town, situated near the Penobscot River, is a quaint community offering a rich blend of history, outdoor activities, and local charm. With well-regarded schools and friendly neighborhoods, it is an attractive area for families and retirees alike. Its proximity to Bangor provides easy access to urban amenities while preserving a peaceful rural vibe.

Current Market Conditions in Old Town, ME

The real estate market in Old Town, ME, is currently stable, with a steady demand for homes due to its appealing lifestyle and community features. The inventory remains relatively low, which keeps home prices competitive and attracts potential buyers seeking a quiet place to live.

As more young families and professionals discover the advantages of living in Old Town, there has been an increase in interest in updated homes that reflect modern amenities blended with historical character. Developers are also expressing interest in renovating older properties to meet this growing demand.

Home Value Estimator For Old Town, ME

There are currently 2,992 real estate properties in Old Town, ME, with a median automated valuation model (AVM) price of $256,260.00. 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 $277,490.00, 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 $11,764.00. 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.

Old Town, ME 04468 Foreclosures

Market Trend for Old Town, ME

Total Listings Available: 7

Market Values:

Home Prices from $11,764 to $2,611,791

Average Sales Price: $277,490

Rental Values:

Rental from $740 to $1,980

Average Rent Value: $1,185 / month

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