Maine
Housing Market

Name: Maine Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Maine real estate currently favors sellers. With only 3.5 months of supply and properties taking an average of 46 days on market, sellers maintain substantial pricing authority and attract competitive bids.

Maine Housing Market Forecast 2026

Verified Data

Updated Monthly

Fast Insights

Real-time Analytics

Last updated

#24

in Nation

Overview

Forecast

Supply

Demand

Maine Housing Market Overview

Planning to sell property in Maine? You're positioned favorably. Though the median sale price reaches $408,200 (up 4.3% year-over-year), the meaningful indicator is market velocity. Properties move within 46 days on market, inventory totals just 3.5 months of supply, and homes are selling for 99% of listing prices. Last month saw 1,246 Maine houses sold, representing a 8.4% increase from the previous year. These circumstances create optimal conditions for sellers to maximize returns and receive multiple strong offers.

Median Sale Price

# of Homes Sold

Median Days on Market

Median Sale Price

0% year-over-year

# of Homes Sold

0% year-over-year

Median Days on Market

0 year-over-year

What does this mean?

All

1 year

3 year

5 year

Maine

Last updated on

Maine Housing Market Forecast for 2026

Maine's housing market is positioned for gradual stabilization in 2026, with modest growth expected as mortgage rates ease and inventory conditions improve while maintaining seller-favorable dynamics.

Price Outlook:

Home prices in Maine forecast to rise 2-4% in 2026
Affordability is improving as wage growth outpaces home price appreciation
Strong homeowner equity supports price stability and strategic listing decisions

Will the Maine Housing Market Crash in 2026?

Expert consensus strongly indicates no. Maine remains supported by fundamental market strengths, including sustained buyer demand, strong homeowner equity levels, and stricter lending standards than pre-2008. With 3.5 months of supply and homes selling at 99% of the asking price, the market demonstrates healthy demand fundamentals. While some localized price corrections may occur in markets with rapid inventory growth, sellers can anticipate continued competitive conditions and price stability through 2026.

UnlikelyCrash MeterLikely

Current Market Indicators

Days on Market:
46 days
Months of Supply:
3.5 months
Sale-to-List Ratio:
99%
Mortgage Rates:
Currently- 6.23% projected to hover between 6.0% and 6.8%

Maine Housing Supply

Maine inventory favors sellers through constrained availability. With 4,367 homes currently available last month, the noteworthy element is supply limitations. Inventory grown 50.9% year-over-year, months of supply sits at merely 3.5 (up marginally from 2.8 previously), and 2,433 new properties came to market this month (a 45.3% up). This restricted inventory strengthens sellers' negotiating positions and creates urgency among buyers. For sellers ready to capitalize on favorable conditions, now represents an excellent opportunity to list your home on MLS in Maine and achieve maximum value.

# of Homes for Sale

# of Newly Listed Homes

Months of Supply

# of Homes for Sale

0% year-over-year

# of Newly Listed Homes

0% year-over-year

Months of Supply

0% year-over-year

What does this mean?

All

1 year

3 year

5 year

Maine

Last updated on

Maine Housing Demand

Maine purchasing activity demonstrates strong seller authority. With the sale-to-list price ratio at 99% last month, the defining characteristic is premium pricing capability. An impressive 32.7% of properties sold over asking price (down from 30% previously), the sale-to-list ratio held steady 0.4% year-over-year, and Maine homes with price reductions decreased from 29.6% to 17.8%. These figures confirm sellers control market conditions and regularly receive offers exceeding their listing prices.

Homes Sold Above List Price

Homes with Price Drops

Sale-to-List Ratio

Homes Sold Above List Price

0% year-over-year

Homes with Price Drops

0% year-over-year

Sale-to-List Ratio

0% year-over-year

What does this mean?

All

1 year

3 year

5 year

Maine

Last updated on

From Hot Trends to Hidden Gems—All in Your Pocket!

The Houzeo app brings the entire real estate journey to your fingertips. Browse, list, and close—anytime, anywhere.

Download the Houzeo Mobile App Now!

Check the Real Estate Trends in Your State

Frequently Asked Questions

How have home prices changed in Maine over the past year?

Maine's median home price is currently $408,200, with a 4.3% year-over-year increase. You can check your home's fair market value with our free home value estimator to compare prices in your neighborhood and know where you stand.

Are home prices dropping in Maine?

Currently, home prices are stable with localized variations across different counties and cities. Experts forecast growth in Maine home prices through 2025, although increased inventory may moderate prices in overvalued areas.

What's the average price for a house in Maine?

The average cost of a home in Maine typically ranges from $500,700 for condos to $393,700 for single-family homes, depending on location, size, and market conditions.

What are the Maine housing market predictions in 2025 and beyond?

The housing market in Maine is expected to stabilize in 2025, alongside rising mortgage rates. Our housing market predictions suggest that the supply of Maine houses should increase enough to stabilize price growth.

What is a good time to buy a home in Maine?

Typically, from August to December is the best time to buy when supply is high and demand is low. You must check the current market trends in home prices and inventory in Maine. If mortgage rates are stable, the median market time is more than 70 days, with more than 5 months of supply, it's the best time to buy a house in Maine.

What are the steps to buying houses in Maine?

As a buyer, you should keep an eye on price changes and inventory levels. If you're buying a house in Maine, you should get a mortgage pre-approval and budget for a down payment of at least 10%.

How can I list my home for sale in Maine?

You can list your home for sale with a Flat Fee MLS Maine listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀

What is the average mortgage rate for buyers in Maine?

The average mortgage rate for buyers in the Maine real estate market fluctuates between 6% to 8%. Always check your credit score and current mortgage rates with lenders before you apply.

When will the housing market crash in Maine?

A Maine housing market crash is not likely in 2025 and 2026. Home prices are not dropping suddenly and remain 80% above pre-COVID levels, with sustained growth projected through 2025. You should keep an eye on Maine housing market predictions before you invest.

Important Legal Disclosures

*Based on Houzeo calculations of home data from MLS and/or public records.

“The market analysis provided on this page is for informational purposes only and does not constitute financial, investment, or legal advice. Data is sourced from public records, industry reports, and third-party providers, and while Houzeo strives for accuracy, we make no guarantees regarding the completeness, accuracy, or timeliness of the information presented.

All estimates, projections, and historical data are based on statistical models and should not be relied upon as predictions of future market conditions. Past performance is not indicative of future results, and real estate market conditions may change due to various economic and regulatory factors.
Users are responsible for conducting their own due diligence before making any real estate or financial decisions. Houzeo is not liable for any decisions or actions taken based on the information provided. Any unauthorized use, duplication, or distribution of the data may violate copyright laws and result in legal consequences. Certain information, tools and services on this page may be powered by third-party vendors. Houzeo does not control or guarantee the accuracy, reliability, or functionality of such third-party services.