Bangor, ME Home Values & Market Trends

Real estate market trends reflect that there have been 452 transactions over the past year in Bangor. The median value for residential home transactions that occurred over the previous year is $265,402.12. The number of current listings in Bangor is 33, and the percentage of properties for sale in the city is 33.00%. Bangor, ME currently has 7 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 33 properties for sale.

Bangor, ME Real Estate Market Overview

ZipMedian Est. Value
04401

$ 312,054

$ 178/sqft

Housing Market Summary for Bangor, ME

Apr 2023March 2024Change
Median Listing Price$256.9K$266.5K3.70%
Median Sold Price$242.5K$266.5K9.88%
Homes For Sale1026160.00%
Homes Sold194171-11.86%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Bangor, ME

Bangor home values range from $30,746 to $16,479,312. The median estimated value of a home in Bangor is $265,402.12. The median list price of a home is 278,500, and the total count of properties in the city is 8,603.

Foreclosure
There is 1 zips within Bangor, ME; within this zips, the median estimated home value for homes in foreclosure ranges from $345,200 in 04401 to the lowest value of $118,859 in 04401. Foreclosure homes account for 0.00% of properties in Bangor, ME with 04401 containing 11 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.07% of all residential properties in Bangor, ME with 04401 containing 10 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Bangor, ME; of that zips, the estimated home value for pre-foreclosure homes ranges from $345,200 in 04401 to the lowest home value of $118,859 in 04401.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Bangor, ME ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Bangor, ME. There is 1 zips within Bangor, ME; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    04401 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Bangor, ME. Auction homes and other auction properties account for 0.01% of all properties in Bangor, ME. There is 1 zips within Bangor, ME; of that zips, the median estimated home value for homes going to auction ranges from $225,689 in 04401 to the lowest value of $225,689 in 04401.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.38% of residential properties in Bangor, ME with 04401 containing 42 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Bangor, ME; homes for sale in that zips, have a range of median values from $861,623 in 04401 to the lowest value of $90,000 in 04401.
    Sold Homes
    The median value for recently sold homes ranges from $1,333,993 in 04401 to the lowest price of $35,105 in 04401. There is 1 zips within Bangor, ME. 04401 has 243 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.09% of properties in Bangor, ME.

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      Guide for Bangor, ME

      Home Buying Financing
      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Market Reports
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports
      Madison Real Estate Report: House Values Peak at $447K
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      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Financing|posted 23 April 2024

      Sometime we need to make changes to our budget to cope with higher interest rates. Here are some tips!

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Madison Real Estate Report: House Values Peak at $447K
      Market Reports|posted 22 April 2024

      In Madison, WI homes have seen a gradual increase in property values, and sale price reach just under 500k in early 2024.

      Recently Listed Homes Bangor, ME

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