The Maine Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Maine

💡 Key Maine housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $403,919[1]#18 of 50 states9.4% higher
Median Listing Price $449,950[2]#23 of 50 states1.9% lower
Median Sale Price $406,800[3]#25 of 50 states5.5% lower
30 Year Mortgage Rate 7.04%[4]#41 of 50 states0.9% higher
Median Days on Market 46[5]#34 of 50 states11.5% longer
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🗺️ Buying a house in the Maine real estate market

Maine has an affordability score of 6.8, meaning it takes 6.8 years of the median household income ($59,489) to afford Maine's median home sale price ($406,800). Because of this, we rank Maine as the 21st least affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $406,800[6]#25 of 50 states5.5% lower
30 Year Mortgage Rate 7.04%[7]#41 of 50 states0.9% higher
Median Household Income $59,489[8]#32 of 50 states7.8% lower
Affordability Ratio 6.8#30 of 50 states3.7% higher
Buyers Agent Commission 2.33%[9]#2 of 50 states12.9% lower
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Resources for Maine home buyers

🗺️ Selling a house in the Maine real estate market

According to our detailed survey of Maine real estate agents, listing agents (those representing the seller) charge an average commission in Maine of 2.83%, which is the 24th lowest in the United States. Buyers' agents charge an average commission of 2.33%, which is the 2nd lowest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $449,950[10]#23 of 50 states1.9% lower
Median Sale Price $406,800[11]#25 of 50 states5.5% lower
Median Days on Market 46[12]#34 of 50 states11.5% longer
Buyer's Agent Commission 2.33%[13]#2 of 50 states12.9% lower
Listing Agent Commission 2.83%[14]#24 of 50 states1% lower
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Resources for Maine home sellers

Moving to Maine

According to our recent moving trends survey[15], 8% of Americans indicated that they would choose to move to Maine if money were no object.

Here's how Maine cities rank in a number of our research studies.

StudyBest Maine cityRank
Best Pizza Cities[16]No ranking Maine citiesNo ranking Maine cities
Best Coffee Cities[17]No ranking Maine citiesNo ranking Maine cities
Best LGBTQ Cities[18]No ranking Maine citiesNo ranking Maine cities
Best Bike Cities[19]No ranking Maine citiesNo ranking Maine cities
Best Commuter Cities[20]No ranking Maine citiesNo ranking Maine cities
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated May 31, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[3] Redfin – "Redfin Data Center". Updated May 2024.
[4] Bankrate – "Bankrate". Updated July 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[6] Redfin – "Redfin Data Center". Updated May 2024.
[7] Bankrate – "Bankrate". Updated July 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[11] Redfin – "Redfin Data Center". Updated May 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[18] Clever Real Estate – "The Most (and Least) LGBTQ-Friendly Cities in America". Updated October 23, 2023.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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