Penobscot, ME Foreclosures
How much do homes sell for in Penobscot, ME?
The average home price is currently $376,365.
In Penobscot, ME, how many homes are available?
There are currently 32 active home listings available in Penobscot.
What’s the average rental cost in Penobscot, ME?
The average rental price in Penobscot is $1,298.
What is the most expensive home in Penobscot?
The most expensive home sold in Penobscot had a price of $2,839,200.
What is currently the cheapest priced home in Penobscot, ME?
The cheapest home for sale in Penobscot is priced at $23,393.
Living in Penobscot, ME
Penobscot, Maine, is a picturesque rural town situated along the Penobscot River, known for its stunning natural scenery and a close-knit community feel. The area is perfect for outdoor activities, with convenient access to nearby larger towns for additional amenities. Adjacent schools and community events reflect the town's dedication to family-friendly living.
Current Market Conditions in Penobscot, ME
Currently, the Penobscot real estate market is stable, with a balanced supply of homes available for sale and a steady demand from buyers looking to invest in rural property. The town's appeal, combined with its scenic location, makes it a favorable destination for those seeking tranquility and natural beauty during their property search.
Over recent months, there has been a notable uptick in interest towards homes in Penobscot, driven by an increase in people relocating from urban areas in search of more space and a slower pace of life. This trend is likely to continue as remote work becomes more mainstream.
Home Value Estimator For Penobscot, ME
There are currently 728 real estate properties
in Penobscot, ME,
with a median automated valuation model (AVM) price
of $310,859.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Penobscot, 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 Penobscot, ME,
is $376,365.00, with the most expensive house
in Penobscot, ME, topping out
at $2,839,200.00 and the cheapest home
in Penobscot, ME,
clocking in at $23,393.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Penobscot, ME!
Rent Prices
In Penobscot, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Penobscot, ME, is on
a rollercoaster ride. The
average rent price in Penobscot, ME,
is $1,298.00. Indeed, when looking to rent in
Penobscot, ME, you can expect to pay as little
as $1,280.00 or as much
as $1,350.00,
with the average rent median estimated to
be $1,290.00. The good news is that finding
an affordable and desirable property to rent in Penobscot, 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
