The average median home in Maine is valued at around $370,227, seeing an increase of about 12.5% compared to last year’s prices. The national average of median home prices is around $357,589, making Maine one of the more expensive states to buy a home.
Staying up to date on the current real estate trends and the local economy can help you avoid falling into the trap of purchasing a home that is beyond what you can afford.
Buying a home can be an exciting yet stressful journey that requires a lot of paperwork. If you are considering purchasing a home, MoneyGeek is here to help.