Maine Home Values & Market Trends

There have been 21,781 properties sold in the Maine real estate market trends. Median home values in the Maine housing market are $369,595.63. The median residential home value for transactions over the last 12 months is 257,713.366. The State of Maine currently has 511 properties in foreclosure, 48 bank owned properties, and 83 headed for auction.

Maine Real Estate Market Overview

CountyMedian Est. ValueCountyMedian Est. Value
York

$ 469,831

$ 289/sqft

Waldo

$ 242,089

$ 205/sqft

Penobscot

$ 264,600

$ 167/sqft

Aroostook

$ 233,700

$ 119/sqft

Cumberland

$ 620,000

$ 304/sqft

Sagadahoc

$ 396,695

$ 187/sqft

Hancock

$ 375,000

$ 205/sqft

Knox

$ 429,000

$ 260/sqft

Androscoggin

$ 343,906

$ 188/sqft

Piscataquis

$ 346,950

$ 163/sqft

Kennebec

$ 286,656

$ 169/sqft

Franklin

$ 265,000

$ 111/sqft

Washington

$ 280,443

$ 149/sqft

Somerset

$ 169,000

$ 189/sqft

Oxford

$ 305,629

$ 183/sqft

Lincoln

$ 339,835

$ 271/sqft

Housing Market Summary for Maine

Mar 2023February 2024Change
Median Listing Price$344K$356.6K3.65%
Median Sold Price$321.9K$356.6K10.77%
Homes For Sale39849524.37%
Homes Sold9,49010,1046.47%
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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 Maine

There are currently 488 properties for sale in Maine. The current home value ranges in price from 10,500 to 4,000,000. The total count of properties in the state is 550,599, and the percentage of properties for sale is 488.00%.

Foreclosure
There are 16 counties within Maine; within these counties, the median estimated home value for homes in foreclosure ranges from $190,998 in Piscataquis to the lowest value of $32,000 in Piscataquis. Foreclosure homes account for 0.00% of properties in Maine with York containing 85 foreclosures, the highest number of foreclosure properties in a single county.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.07% of all residential properties in Maine with York containing 68 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 16 counties within Maine; of those counties, the estimated home value for pre-foreclosure homes ranges from $3,491,079 in Sagadahoc to the lowest home value of $42,185 in Somerset.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Maine ranges from the highest value of $298,604 in Cumberland to the lowest value of $32,000 in Piscataquis. Bank owned homes and properties account for 0.01% of properties in Maine. There are 16 counties within Maine; Penobscot containing 8 REO properties, has the highest number of bank owned properties in a single county.
  • Auctions
    Cumberland has 15 auction properties, the highest number of properties going to auction in a single county in the state of Maine. Auction homes and other auction properties account for 0.02% of all properties in Maine. There are 16 counties within Maine; of those counties, the median estimated home value for homes going to auction ranges from $3,886,463 in Lincoln to the lowest value of $54,428 in Lincoln.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.09% of residential properties in Maine with York containing 96 homes for sale, the highest number of listed properties in a single county. There are 16 counties within Maine; homes for sale in those counties, have a range of median values from $379,000 in Lincoln to the lowest value of $29,861 in Penobscot.
    Sold Homes
    The median value for recently sold homes ranges from $4,709,961 in Lincoln to the lowest price of $19,616 in Lincoln. There are 16 counties within Maine. Cumberland has 1970 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 1.74% of properties in Maine.

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      Guide for Maine

      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Home Buying Guides & Tips
      How Do You Buy a House if You’re Broke?
      Market Reports
      Lexington Real Estate Market Witnesses Steady Upward Trend; Property Values and Sale Prices Rise in 2023-2024
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      How To Get House Mortgage With Low Credit Score
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      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
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      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      How Do You Buy a House if You’re Broke?
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      What can you do when you want to buy a house when you’re strapped for cash?

      Lexington Real Estate Market Witnesses Steady Upward Trend; Property Values and Sale Prices Rise in 2023-2024
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