MAINE
Home Sales Up, Average Price Up
Home sales are up 15.1% year-over-year, with January 205 at 1,052 compared to 914 last January. Sales are up for single-families and condos but down for multi-families.
- Single families: 753 (2024) | 852 (2025)
- Condominiums: 89 (2024) | 129 (2025)
- Multi-families: 72 (2024) | 71 (2025)
Average sale price increased 4.2% year-over-year, now at $495,318 compared to $475,209 in January 2025. Prices increased across all categories.
- Single families: $475,789 (2024) | $490,782 (2025)
- Condominiums: $476,671 (2024) | $526,019 (2025)
- Multi-families: $467,338 (2024) | $493,967 (2025)
Homes Listed For Sale:
The number of homes listed is up by 9.3% when compared to Janaury 2024.
- 2025: 1,231
- 2024: 1,126
- 2023: 963
Pending Home Sales:
The number of homes placed under contract is down by 22.5% when compared to January 2024.
- 2025: 828
- 2024: 1,069
- 2023: 984
Data provided by FlexMLS then compared to the prior year.
What’s Happening in the Market?
- In January 2025, national home sales increased 2% compared to a year ago, Following this trend, Maine also saw an increase in home sales.
- Anthony Lamacchia states “Homes listed for sale being up is especially notable considering we are in the midst of the coldest and snowiest winter in a few years. This tells me homes listed will shoot up ALOT more once the weather breaks. Sellers should take note of this and not push their luck too much when pricing, and buyers should be happy to have a few more choices. In a month buyers will have many more choices.”
- In Maine, home sales and prices are climbing, and more homes are being listed, giving buyers more choices. Pending sales have dropped slightly, showing a bit of moderation in demand. Still, the market is competitive, with prices rising and inventory expanding. Planning to sell in 2025? Here are expert tips to get the most for your property!
- According to Mortgage News Daily, mortgage rates in January started in the low 7s, peaked at 7.25% mid-month, and then trended downward, ending in the low 7s. So far, February continues to show a declining trend.
- In this current market, with interest rates still high and competition remaining strong, maximizing your home’s value is more important than ever. Simple, cost-effective upgrades can help your property stand out and attract top-dollar offers. Check out our easy ways to boost your home’s worth before you list!
- With condo sales climbing and prices rising, the market is heating up. Before you buy, consider important factors like HOA costs, long-term resale value, and financing options. Here’s what to keep in mind before making your condo purchase.