Otis, ME Foreclosures
How much do homes sell for in Otis, ME?
The average home price is currently $378,264.
In Otis, ME, how many homes are available?
There are currently 1 active home listings available in Otis.
What’s the average rental cost in Otis, ME?
The average rental price in Otis is $1,392.
What is the most expensive home in Otis?
The most expensive home sold in Otis had a price of $2,130,317.
What is currently the cheapest priced home in Otis, ME?
The cheapest home for sale in Otis is priced at $80,251.
Living in Otis, ME
Located in the beautiful state of Maine, Otis is a small town offering a quiet, rural lifestyle. Residents enjoy access to stunning natural landscapes and a close-knit community feel. Outdoor activities abound, making it a great location for families, outdoor enthusiasts, and those seeking tranquility.
Current Market Conditions in Otis, ME
The real estate market in Otis, ME is currently witnessing a balanced phase, with a steady influx of buyers attracted to the area's rural charm and outdoor activities. Prices have remained stable over the past few months, making it an appealing option for both first-time homebuyers and retirees looking to downsize. Overall demand has increased due to the pandemic, as many seek refuge from densely populated urban areas.
In recent months, Otis has seen a rise in interest from buyers looking for vacation homes or second residences, particularly as outdoor recreational spaces become more valuable. The community's inventory levels remain moderate, which provides homebuyers with options while ensuring sellers can still receive favorable offers. As more individuals discover the peaceful lifestyle Otis offers, we expect the market to remain competitive.
Home Value Estimator For Otis, ME
There are currently 261 real estate properties
in Otis, ME,
with a median automated valuation model (AVM) price
of $300,746.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Otis, 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 Otis, ME,
is $378,264.00, with the most expensive house
in Otis, ME, topping out
at $2,130,317.00 and the cheapest home
in Otis, ME,
clocking in at $80,251.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Otis, ME!
Rent Prices
In Otis, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Otis, ME, is on
a rollercoaster ride. The
average rent price in Otis, ME,
is $1,392.00. Indeed, when looking to rent in
Otis, ME, you can expect to pay as little
as $1,240.00 or as much
as $1,520.00,
with the average rent median estimated to
be $1,420.00. The good news is that finding
an affordable and desirable property to rent in Otis, 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.
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