The Maine housing market in 2025 is entering a phase of subtle adjustment. After several years of rapid appreciation, tight inventory, and fast sales, some of the pressure is easing—though in many parts of the state sellers still retain the upper hand. Homes are selling, prices remain strong in many locales, but rising days on market and growing inventory are signs that the market is becoming more nuanced than the red‑hot conditions of recent years.
How We Gauge Trends: Key Metrics
Median / average sale prices & appreciation rates
New listings, total inventory, months of supply
Closed sales / transaction volume
Days on market / time to pending / speed of sale
Regional / county variation (coastal, southern, rural, resort areas)
Interest rates, affordability, policy, and buyer behavior
Price Trends: Strong, But Cooling in Places
Statewide & Broad Trends
Maine continues to see elevated home prices in 2025, but signs of cooling and correction are emerging, especially in more marginal markets.
In March 2025, Maine reported the median sale price for single‑family homes in Maine fell to $542,000 (down ~6.9% month over month), though still roughly +2% higher than March 2024.
Also in March, condo median sale prices saw a sharper decline: a ~22.4% drop month over month, with strong buyer interest in competitively priced units.
In February 2025 the median sales price in Maine was $382,000 — down ~8.3% year over year.
In January 2025, Maine reported that the median sales price was $415,800, up modestly ~0.9% YoY; meanwhile median list prices jumped ~8.6%, signaling continued pricing pressure from sellers.
The Nexus Valuation January 2025 update also shows that months of inventory rose to 3.33 months (rolling average) — up from ~2.95 a year earlier — and active listings increased ~124%.
The Spring/Summer 2025 seasonal report for the resort/White Mountain region (Sunday River area) shows an average sales price of ~$442,625 and an average days on market of ~96.7 days in that market segment (April–June)
The Summer 2025 seasonal report for the same region shows average days on market ~96.4 days and sales price ~$532,027
These data points suggest that while some strong markets (especially resort, coastal, or desirable counties) can still command premium pricing, price growth is uneven and, in many areas, retracting or moderating..
Inventory, New Listings & Supply Side
In March 2025, Maine’s inventory was ~14% higher than March 2024.
Also in March, the median days on market increased to 22 days (versus 15 days a year earlier).
Scott & Sunny’s March 2025 report shows the median days on market statewide at 22 days, an increase of ~47% from a year prior.
That same Scott & Sunny report shows list-to-sales price ratio (i.e. how close sellers are getting to list price) at ~97.9%, down ~1.3%.
In southern Maine, many reports state that homes for sale increased ~17.8% year over year in early 2025, with 4,320 properties available.
Those same reports also note that houses are selling at ~97.3% of list price, but that median days on market has extended to ~61 days in some markets.
Early 2025 coverage shows, they report that single-family homes are averaging 66 days on market before going under contract, citing overpricing as a key factor.
When we compare to prior years (when many markets saw listings selling in under two weeks), these increases in inventory and DOM are meaningful. However, note that 3+ months of supply is still relatively tight by many market standards (balanced markets often show 4–6 months of supply). Maine’s inventory rising to ~3.3 months is an early sign of loosening.
Sales Volume & Market Activity
According to the Boothbay Register, in March 2025, Maine Realtors reported 848 single-family home sales across the state, a drop of ~6.19% compared to March 2024.
That same article notes the median sales price eased ~0.98% to $376,260 in March.
A January 2025 coverage reports that in early 2025, sales dipped in many segments (especially condos) even as prices remain elevated. They also point to rising DOM, implying slower movement.
A spring report shows in just April–June 2025, 63 closed sales in their region, average pricing around $442,600.
The summer report (July–September) for the same region shows 73 closed sales, average price ~ $532,027, and inventory reaching ~5,346 homes on the market at end of July (highest since October 2020)
These data suggest that while sales volume has softened somewhat statewide, particularly in more marginal or inland markets, core and seasonal / resort regions remain active. In many places, listing activity is higher—but not every new listing immediately converts to a sale.
Time on Market: How Long Homes Are Staying in 2025
Probably the most visible shift for buyers and sellers is Days on Market (DOM) — how long a listing remains active before going under contract or being withdrawn.
Statewide & Aggregate Observations
In the March 2025 statewide snapshot, the median days on market was 22 days (vs 15 days a year earlier).
In March, Maine also reports 22 days median DOM (47% increase YOY).
Maine's January 2025 report quotes 66 days as the average time for single-family homes to get under contract, pointing to over-pricing as a culprit.
Many reports state that in parts of southern Maine, median DOM has stretched to ~61 days under current conditions.
On average Maine homes are sitting ~10 days longer, on average, than a year ago—a trend tied to inventory growth and pricing mismatches.
Specific county-level data: In Knox County, average DOM ~58 days; Waldo ~39 days; Kennebec ~14 days; Lincoln ~60 days; Hancock ~96 days in March 2025.
As expected, the range is wide. In more competitive zones (e.g. Kennebec in that month), DOM is low. In more rural or coastal counties (Hancock, Lincoln), homes may stay listed for several months.
Also, the resort / vacation region (Sunday River area) shows average DOM ~96 days for April–June.
Regional & Market Differences
In southern Maine / coastal counties where demand is stronger, certain well-priced, well-located homes continue to move faster, sometimes under two weeks, especially if marketed aggressively.
In rural inland counties, DOMs tend to stretch longer. Hancock, for example, saw ~96 days median in March.
Seasonal or resort markets show much longer cycles: the 96+ DOM in the Sunday River area for spring is a good example.
Multi-family or investment properties often lag residential single-family homes, due to narrower buyer pools. (Though we did not find a precise Maine multi-family DOM for 2025 in my sources, that pattern is common across markets.)
Regional Variation: Where the Market is Stronger or Slower
Because Maine is geographically diverse—from Portland and southern coastal counties to remote northern and island regions—regional dynamics matter a lot.
Southern / Coastal Maine & Greater Portland Region
These are among the strongest zones due to job centers, amenities, coastal desirability, and migration inflows.
Even as inventory rises, demand remains relatively strong in these areas, which helps sustain pricing and relatively faster sales.
However, these markets are also more sensitive to overpricing: homes priced too aggressively begin to sit.
Interior / Rural / Northern Maine
These areas tend to have slower turnover, lower price bases, and more sensitivity to condition, local employment, and infrastructure.
Homes may stay on market longer, and price compression is more likely. County data like Hancock, Lincoln show much longer median DOMs than state averages.
Resort / Mountain / Vacation Areas
These tend to have high peaks and deep troughs. Listing and sale cycles may depend on season, tourism, and access.
The Sunday River region provides a good microcosm: average DOM ~96 in spring, and over summer inventory high.
What’s Driving These Shifts
Rising Inventory & Buyer Choice
The increase in active listings (14% YOY in March, 17.8% in southern Maine) is giving buyers more options and reducing extreme scarcity.
With more inventory, buyer urgency softens, and competition among listings increases.
Pricing Overreach & More Discerning Buyers
Many homes are being listed ambitiously, hoping for premium offers. But buyers are pushing back, leading to longer DOMs before reductions or contracts.
In Maine, brokers note that smarter pricing will help keep days on market down.
Higher Interest Rates & Affordability Pressures
Mortgage rates in 2025 are elevated compared to the nadir years, which constrains buyer budgets and softens demand in higher price tiers.
That means buyers are slower, more cautious, and less willing to stretch.
Rate-Lock / Reluctant Sellers
Many existing homeowners locked into low mortgage rates may be disincentivized to sell and re-enter at higher rates. That reduces seller supply, even in a rising inventory context.
Regional Migration & Demand Shifts
During the pandemic, Maine saw in-migration from more expensive states. That demand tail is still present, especially in coastal and lifestyle markets. But as conditions tighten or external economic conditions shift, that tailwind may ease.
Local / State Policy & Housing Production Constraints
A 2025 outlook report from MaineHousing emphasizes that new affordable housing production remains insufficient relative to demand and that rising construction costs and regulatory constraints pose challenges.
What to Watch & What It Means for Buyers, Sellers, & Investors
For Sellers
Price smartly from the first listing — overpricing is a liability in 2025.
Invest in staging, condition, and marketing — presentation matters more as buyer choice increases.
Expect longer timelines — don’t assume immediate offers unless in prime submarkets.
Be open to negotiation or reductions sooner — sitting too long may degrade buyer interest.
Watch listings that compete directly — new inventory in your zone may draw buyers away.
For Buyers
You have leverage now — the slight easing means more time, negotiation room, and comparison options.
Be prepared with financing & a clean offer — in competitive areas, speed and certainty still win.
Look outside overpriced zones — smaller towns or adjacent counties may offer better value.
Negotiate extras — sellers in tighter markets may be more open to concessions (repairs, closing help, etc.).
For Investors / Flippers / Rental Buyers
Assume longer holding periods — don’t count on same-day or week closings.
Focus on fundamentals — locations, walkability, growth potential matter more than luxury features.
Avoid speculative overbuilds — luxury or high-end listings may take longer to absorb.
Have fallback strategies — ability to rent long-term, convert, or adjust pricing can mitigate risk.
The Maine housing market in 2025 is undergoing a subtle recalibration. While many parts of the state remain seller-favorable, the extremes of the hyper-competitive market era are softening. Inventory is up, days on market are stretching, and pricing pressure is showing in certain counties and segments. In many zones, well-located, well-priced homes may still go under contract within 20–40 days, but in rural, resort, or over‑priced areas, DOMs of 60–90+ days are increasingly common. The broad trend is toward a more balanced—but still tight—market.
