Maine Housing Market

Cool Market

Housing market data and trends for Maine. Track median prices, inventory, days on market, and competition metrics for real estate investors.

Data period: March 2026

Median Sale Price

$390K

7.3% YoY

Days on Market

67 days

39.6% YoY

Active Inventory

4,091

18.2% YoY

Homes Sold

1,154

3.3% YoY

Cool Market

Buyer activity is slowing, creating more negotiating room.

Maine Market Summary

The Maine housing market is cooling down. As of March 2026, the median home sale price is $390K, up 7.3% year-over-year. Homes are spending a median of 67 days on the market, 39.6% longer than a year ago.

There are 4,091 homes for sale — 18.2% more than last year. With 3.5 months of supply, this is a seller's market. 1,851 new listings were added during this period, up 12.3% year-over-year.

Homes are selling for 97.5% of their list price on average, suggesting room for negotiation. 25.3% of homes sell above their asking price. 20.3% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

68

Contributing Factors

Months of Supply 3.5
Days on Market 67
Price Drops 20.3%
Sale-to-List Ratio 97.5%
Market Temperature Cool

How This Market Compares

vs. National Median

Median Price (National: $437K) 10.6%
Days on Market (National: 55) 21.8%
Inventory (National: 1,314,690) 99.7%

Investor Takeaway

The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.

Maine Market Trends

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Detailed Market Metrics

Median List Price

$425K

Price per Sq Ft

$251

Sale-to-List Ratio

97.5%

Months of Supply

3.5

Sold Above List

25.3%

Price Drops

20.3%

New Listings

1,851

12.3% YoY

Pending Sales

1,682

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Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.