The typical home value in
Penobscot County
is projected to be
$267,130
for the month of
July.
June’s
finalized data reported the typical value of a home in the
county
to be
$276,250—up
2.31%
over the previous 12 months.
For comparison,
state-level
data pegged home values at
$416,000
in
Maine
for the most recent reporting period.
That number is expected to float around
$422,550
in
July.
Penobscot County
had
278
new listings and
230
listings that went under contract in
June,
increasing
the area’s total available inventory to
596—up
12.24%
from the previous month. Inventory is projected to have further
increased
in
July.
Of those
596
active listings,
29.87%
reduced their price in the month of
June.
The median listing price for homes in
Penobscot County
fell
0.0%
from
May
to
June,
bringing the current median listing price to
$299,000.
Based on projected data for
July,
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
June 2025,
the median time for a listed property to go pending was
43
days, compared to
51
days in
June 2024.
In recent months the median number of days from listed to pending appears to be steady.
That trend is predicted to have carried through to this
July.
