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Mechanic Falls, ME Real Estate & Property Data

Mechanic Falls Real Estate Market Trends

Last Updated: April 29, 2024

Accurate and comprehensive real estate data is critical for insight into Mechanic Falls, ME. ATTOM’s Mechanic Falls real estate data is updated daily, and current market trends show that in Mechanic Falls, ME a total of 45 residential properties have sold over the past year. With a median home price of $360,000 in Mechanic Falls and a total of 1 foreclosures. Get detailed property data for Mechanic Falls, ME instantly. ATTOM is your one-stop-shop for the Mechanic Falls property reports and real estate data you need in Mechanic Falls, ME.

Mechanic Falls Real Estate Market Trends

Get property data for any address in Mechanic Falls, ME or the country:

Total Residential Properties 1,053

Total Commercial Properties 30

Avg. Home Age (Single Family Home) 37 Years

Avg. Square Feet (Single Family Home) 994

Total 2024 Residential Sales (year-to-date) 5

% of Homes Seriously Underwater (Q2 2024) 0.38%

Total 2023 Residential Sales 43

% of Equity Rich Homes (Q2 2024) 46.95%

Effective 2023 Property Tax 1.1%

Total Foreclosure Filings (year-to-date) 1

Mechanic Falls, ME Real Estate Overview

There were 45 residential properties sold in the past year in Mechanic Falls, ME. The median home value in Mechanic Falls, ME is $275,075. There are a total of 1,053 residential properties in the Mechanic Falls.

Median Sales Price i

$360,000

(Feb 2024)

February '24 Feb '24 $360,000
January '24 Jan '24 $350,000
December '23 Dec '23 $359,000
November '23 Nov '23 $340,000
October '23 Oct '23 $312,000
September '23 Sep '23 $371,250
August '23 Aug '23 $225,000
July '23 Jul '23 $161,000
June '23 Jun '23 $256,900
May '23 May '23 $288,319
April '23 Apr '23 N/A
March '23 Mar '23 $225,000

Median Down Payment i

$96,000

(Feb 2024)

February '24 Feb '24 $96,000
January '24 Jan '24 $170,000
December '23 Dec '23 $42,663
November '23 Nov '23 $40,000
October '23 Oct '23 $62,400
September '23 Sep '23 $64,125
August '23 Aug '23 $5,163
July '23 Jul '23 $32,200
June '23 Jun '23 $6,402
May '23 May '23 $94,953
April '23 Apr '23 N/A
March '23 Mar '23 $45,000

Number of Homes Sold i

2

(Feb 2024)

+100%

year-over-year

y-o-y

February '24 Feb '24 2
January '24 Jan '24 3
December '23 Dec '23 3
November '23 Nov '23 5
October '23 Oct '23 4
September '23 Sep '23 4
August '23 Aug '23 9
July '23 Jul '23 2
June '23 Jun '23 4
May '23 May '23 5
April '23 Apr '23 2
March '23 Mar '23 1

Number of Purchase Loans i

2

(Feb 2024)

February '24 Feb '24 2
January '24 Jan '24 1
December '23 Dec '23 3
November '23 Nov '23 4
October '23 Oct '23 3
September '23 Sep '23 2
August '23 Aug '23 5
July '23 Jul '23 1
June '23 Jun '23 4
May '23 May '23 2
April '23 Apr '23 N/A
March '23 Mar '23 1

Number of REFI Loans i

4

(Feb 2024)

+33.3%

year-over-year

y-o-y

February '24 Feb '24 4
January '24 Jan '24 1
December '23 Dec '23 2
November '23 Nov '23 3
October '23 Oct '23 2
September '23 Sep '23 3
August '23 Aug '23 3
July '23 Jul '23 2
June '23 Jun '23 2
May '23 May '23 1
April '23 Apr '23 2
March '23 Mar '23 1

Number of HELOC Loans i

1

(Feb 2024)

February '24 Feb '24 1
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 1
October '23 Oct '23 1
September '23 Sep '23 1
August '23 Aug '23 N/A
July '23 Jul '23 N/A
June '23 Jun '23 1
May '23 May '23 N/A
April '23 Apr '23 N/A
March '23 Mar '23 1

Mechanic Falls, ME Real Estate Market Overview

Last 30 days

Zip
Median Est. Value

04256
$275,075 $276.86/sqft

Mechanic Falls, ME Foreclosure Activity

There were a total of 1 Mechanic Falls, ME properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

1

(Feb 2024)

February '24 Feb '24 1
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 1
October '23 Oct '23 1
September '23 Sep '23 N/A
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 1
May '23 May '23 1
April '23 Apr '23 2
March '23 Mar '23 1

Foreclosure Starts i

1

(Feb 2024)

February '24 Feb '24 1
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 1
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 1
July '23 Jul '23 N/A
June '23 Jun '23 1
May '23 May '23 1
April '23 Apr '23 N/A
March '23 Mar '23 1

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 1
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 1
June '23 Jun '23 N/A
May '23 May '23 N/A
April '23 Apr '23 N/A
March '23 Mar '23 N/A

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