Somerville, ME Foreclosures
How much do homes sell for in Somerville, ME?
The average home price is currently $300,426.
What’s the average rental cost in Somerville, ME?
The average rental price in Somerville is $1,150.
What is the most expensive home in Somerville?
The most expensive home sold in Somerville had a price of $897,828.
What is currently the cheapest priced home in Somerville, ME?
The cheapest home for sale in Somerville is priced at $40,226.
Living in Somerville, ME
Somerville, ME, is a small town that offers a perfect blend of rural charm and community spirit. Known for its stunning natural landscapes and outdoor activities, it is ideal for families and individuals looking for a peaceful lifestyle. Local amenities and friendly community events make it a welcoming place to call home.
Current Market Conditions in Somerville, ME
The real estate market in Somerville, ME, is characterized by a mix of affordability and opportunity, with an increasing number of buyers interested in rural properties. The demand for homes has been steadily rising as more people seek to escape crowded urban environments. While listings may be fewer than desired, the competition remains present for homes that are priced reasonably and situated on attractive lots with easy access to outdoor activities.
Somerville's steady growth is supported by its reputation for a friendly community and access to nature. As developers explore opportunities for new constructions or renovations, this trend is expected to continue, attracting more families and retirees looking for a home in the countryside.
Home Value Estimator For Somerville, ME
There are currently 294 real estate properties
in Somerville, ME,
with a median automated valuation model (AVM) price
of $278,467.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Somerville, 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 Somerville, ME,
is $300,426.00, with the most expensive house
in Somerville, ME, topping out
at $897,828.00 and the cheapest home
in Somerville, ME,
clocking in at $40,226.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Somerville, ME!
Rent Prices
In Somerville, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Somerville, ME, is on
a rollercoaster ride. The
average rent price in Somerville, ME,
is $1,150.00. Indeed, when looking to rent in
Somerville, ME, you can expect to pay as little
as $890.00 or as much
as $1,560.00,
with the average rent median estimated to
be $970.00. The good news is that finding
an affordable and desirable property to rent in Somerville, 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
