Scarborough, ME Foreclosures
How much do homes sell for in Scarborough, ME?
The average home price is currently $802,397.
In Scarborough, ME, how many homes are available?
There are currently 9 active home listings available in Scarborough.
What’s the average rental cost in Scarborough, ME?
The average rental price in Scarborough is $1,776.
What is the most expensive home in Scarborough?
The most expensive home sold in Scarborough had a price of $9,573,475.
What is currently the cheapest priced home in Scarborough, ME?
The cheapest home for sale in Scarborough is priced at $23,481.
Living in Scarborough, ME
Scarborough, Maine is a charming coastal town known for its stunning beaches, outdoor recreational activities, and strong community spirit. With excellent schools and convenient access to the urban amenities of nearby Portland, it offers a perfect balance of suburban living and access to city life. Families and individuals alike will appreciate the vibrant local culture and safe neighborhoods.
Current Market Conditions in Scarborough, ME
The real estate market in Scarborough, ME, has shown consistent growth over the past year. Prices have steadily increased due to high demand, particularly for homes near the coast. The combination of desirable school districts and access to outdoor activities makes Scarborough an attractive option for buyers, resulting in quicker sales and multiple offers on properties.
Despite the general upward trend, the market has seen a slight cooling compared to the previous year, with more median days on the market reported. Buyers are still actively seeking homes, but with an increase in inventory, there are more options available. It indicates a potential shift towards a more balanced market favoring buyers.
Home Value Estimator For Scarborough, ME
There are currently 8,453 real estate properties
in Scarborough, ME,
with a median automated valuation model (AVM) price
of $663,310.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Scarborough, 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 Scarborough, ME,
is $802,397.00, with the most expensive house
in Scarborough, ME, topping out
at $9,573,475.00 and the cheapest home
in Scarborough, ME,
clocking in at $23,481.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Scarborough, ME!
Rent Prices
In Scarborough, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Scarborough, ME, is on
a rollercoaster ride. The
average rent price in Scarborough, ME,
is $1,776.00. Indeed, when looking to rent in
Scarborough, ME, you can expect to pay as little
as $890.00 or as much
as $3,000.00,
with the average rent median estimated to
be $1,790.00. The good news is that finding
an affordable and desirable property to rent in Scarborough, 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
