The typical home value in
Maine
is projected to be
$421,750
for the month of
August.
July’s
finalized data reported the typical value of a home in the
state
to be
$419,800—up
5.98%
over the previous 12 months.
Maine
had
2,946
new listings and
2,550
listings that went under contract in
July,
increasing
the area’s total available inventory to
6,624—up
9.54%
from the previous month. Inventory is projected to have further
increased
in
August.
Of those
6,624
active listings,
28.58%
reduced their price in the month of
July.
The median listing price for homes in
Maine
fell
5.88%
from
June
to
July,
bringing the current median listing price to
$415,900.
Based on projected data for
August,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
fell
year-over-year. In
July 2025,
the median time for a listed property to go pending was
36
days, compared to
43
days in
July 2024.
In recent months the median number of days from listed to pending appears to be decreasing.
That trend is predicted to have carried through to this
August.