Living in Sumner, ME
Sumner, ME is a quaint town situated amidst the natural beauty of western Maine. It provides a serene rural lifestyle with abundant outdoor activities and community events. With nearby towns offering additional amenities, it's perfect for those seeking a peaceful retreat.
Current Market Conditions in Sumner, ME
Currently, the real estate market in Sumner is stable, showing modest growth as demand for rural properties increases. This is particularly appealing to buyers seeking second homes or retirement properties, driven by the allure of outdoor recreation and close-knit community sensibilities.
Interest in homes has been steadily increasing, particularly as more people look to escape urban areas for quieter lifestyles. Inventory levels remain low, which is contributing to rising prices in the market.
New construction is uncommon in Sumner; thus, most listings are older homes that require renovations, appealing to those seeking fixer-uppers.
Home Value Estimator For Sumner, ME
There are currently 466 real estate properties
in Sumner, ME,
with a median automated valuation model (AVM) price
of $246,773.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Sumner, 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 Sumner, ME,
is $254,289.00, with the most expensive house
in Sumner, ME, topping out
at $1,299,095.00 and the cheapest home
in Sumner, ME,
clocking in at $16,099.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Sumner, ME!
Rent Prices
In Sumner, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Sumner, ME, is on
a rollercoaster ride. The
average rent price in Sumner, ME,
is $913.00. Indeed, when looking to rent in
Sumner, ME, you can expect to pay as little
as $840.00 or as much
as $1,180.00,
with the average rent median estimated to
be $950.00. The good news is that finding
an affordable and desirable property to rent in Sumner, 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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