Wells, ME Foreclosures
How much do homes sell for in Wells, ME?
The average home price is currently $583,015.
In Wells, ME, how many homes are available?
There are currently 5 active home listings available in Wells.
What’s the average rental cost in Wells, ME?
The average rental price in Wells is $1,678.
What is the most expensive home in Wells?
The most expensive home sold in Wells had a price of $13,617,305.
What is currently the cheapest priced home in Wells, ME?
The cheapest home for sale in Wells is priced at $19,745.
Living in Wells, ME
Wells, ME is a picturesque coastal town known for its stunning beaches and friendly community atmosphere. It combines a rich history with modern amenities, making it a desirable location for families and retirees. With numerous outdoor activities and a quaint downtown area, Wells offers a lifestyle that balances relaxation and recreation.
Current Market Conditions in Wells, ME
Wells' real estate market remains robust, with a steady demand for both vacation homes and year-round residences. The area has seen an influx of buyers looking for coastal properties, driving up home values. The median home price has shown a consistent rise over the past year, reflecting the area's desirability as a vacation destination and permanent residence.
With inventory levels fluctuating, the demand for homes, especially those near the beaches, has created a competitive environment. Buyers are encouraged to act quickly, as homes are selling faster than in previous years, often above asking price. Wells' market is characterized by a mix of single-family homes, condos, and seasonal rentals.
Home Value Estimator For Wells, ME
There are currently 10,654 real estate properties
in Wells, ME,
with a median automated valuation model (AVM) price
of $458,938.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Wells, 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 Wells, ME,
is $583,015.00, with the most expensive house
in Wells, ME, topping out
at $13,617,305.00 and the cheapest home
in Wells, ME,
clocking in at $19,745.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Wells, ME!
Rent Prices
In Wells, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Wells, ME, is on
a rollercoaster ride. The
average rent price in Wells, ME,
is $1,678.00. Indeed, when looking to rent in
Wells, ME, you can expect to pay as little
as $950.00 or as much
as $2,500.00,
with the average rent median estimated to
be $1,700.00. The good news is that finding
an affordable and desirable property to rent in Wells, 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
