Legacy Properties Sotheby’s International Realty announces that buyers of single-family homes in Maine are witnessing a more stable market this fall. According to Maine Listings, 1,582 single-family existing homes changed hands in September with a median sales price (MSP) of $402,500—a slight decrease of 1.35 percent compared to September 2024. The MSP indicates that half of the homes were sold for more and half sold for less.
“As we move through 2025, for many markets in Maine, sellers and buyers are on more equal footing for negotiating their home purchase,” says Jeff Harris, 2025 President of the Maine Association of REALTORS®. “We are seeing an increasing number of homes for sale, increasing time-on-market, and pricing concessions which eases the competition that buyers have been facing for the past five years. We’re moving beyond the pandemic frenzy.
“For the second time in 2025 and only the second time since March 2019, Maine’s median home sale price decreased in a year-over-year comparison,” adds
Harris.
The National Association of Realtors reported a 4.5 percent uptick in sales across the country and prices increased 2.3 percent to a national MSP of $420,700 comparing September 2025 to September 2024. Regionally, sales in the Northeast rose 4.3 percent while the regional MSP increased 4.1 percent to $500,300 over the same time period.
“With more for-sale options on the market, a sellers’ pricing at listing should reflect today’s market to generate demand. As Maine’s residential real estate markets adjust and balance, buyers have more negotiating leverage.”
“Work with your REALTOR® to assess the market conditions to be the best-prepared buyer or seller in your area and be in your new home before year’s end.”
Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of September (2024/2025), statewide. The second chart compares the number of existing, single family homes sold (units) and volume (MSP) during the rolling quarter of July, August and September (2024/2025).
Legacy Properties Sotheby’s International Realty can be reached at 207-780-8900 and [email protected]. Legacy Properties Sotheby’s International Realty, with offices in Portland, Kennebunk, Brunswick, Damariscotta, Camden, and Northeast Harbor, is Maine and New Hampshire’s leading luxury and lifestyle property company with six offices and more than 100 agents serving Maine and New Hampshire’s coastal, lake, and mountain communities.
Offices Located at:
- 2 City Center, Portland, ME 04101 // 207.780.8900 (Greater Portland)
- 150 Port Road, Kennebunk, ME 04043 // 207.967.0934 (Southern Maine and Seacoast New Hampshire)
- 141 Maine Street, Brunswick, ME 04011 // 207.729.2820 (Mid Coast Maine)
- 170 Main Street, Damariscotta 04543 // 207.563.2775 (Boothbay Harbor, Damariscotta and Bristol Regions)
- 46 Bay View Street, Camden, ME 04843 // 207.230.1003 (Camden, Rockport, and Knox and Waldo County)
- 6 Neighborhood Road, Northeast Harbor, ME 04662 // 207.780.8900 (Mount Desert Island, Hancock and Washington County)
