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Preforeclosure Homes in Orono, ME 04473

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Orono, ME Foreclosures

How much do homes sell for in Orono, ME?
The average home price is currently $350,315.
In Orono, ME, how many homes are available?
There are currently 1 active home listings available in Orono.
What’s the average rental cost in Orono, ME?
The average rental price in Orono is $1,582.
What is the most expensive home in Orono?
The most expensive home sold in Orono had a price of $6,572,338.
What is currently the cheapest priced home in Orono, ME?
The cheapest home for sale in Orono is priced at $14,664.

Living in Orono, ME

Orono, Maine, is a charming town known for its strong educational presence, thanks to the University of Maine. It features a welcoming community with a range of outdoor activities and local amenities. Residents enjoy a peaceful lifestyle enriched by nature and friendly neighbors.

Current Market Conditions in Orono, ME

The real estate market in Orono has shown a steady increase in demand, driven largely by buyers seeking homes near the University of Maine. As of now, inventory levels are relatively low, prompting a competitive environment among potential buyers. The market remains attractive for real estate investors looking for rental properties to serve the student population.

Current trends indicate a rise in home values, alongside a decrease in days on the market for listings. This trend suggests that Orono is becoming increasingly desirable, particularly for families wanting access to quality education and outdoor activities. Investors and first-time buyers are advised to act quickly when listings come up, as properties are moving fast.

Home Value Estimator For Orono, ME

There are currently 1,813 real estate properties in Orono, ME, with a median automated valuation model (AVM) price of $322,559.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Orono, 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 Orono, ME, is $350,315.00, with the most expensive house in Orono, ME, topping out at $6,572,338.00 and the cheapest home in Orono, ME, clocking in at $14,664.00. In other words, there’s something for every potential homebuyer or savvy investor in Orono, ME!

Rent Prices In Orono, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orono, ME, is on a rollercoaster ride. The average rent price in Orono, ME, is $1,582.00. Indeed, when looking to rent in Orono, ME, you can expect to pay as little as $1,030.00 or as much as $2,090.00, with the average rent median estimated to be $1,850.00. The good news is that finding an affordable and desirable property to rent in Orono, 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.

Orono, ME 04473 Preforeclosure Homes

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