Maine Real Estate Market: Forecasts + Trends

Clever Real Estate's Photo
By Clever Real Estate Updated February 20, 2023

SHARE

Maine real estate trends

Real estate trends in Maine | Sellers | Buyers | Investors | The best and worst of Maine | Maine resources

Lobster rolls, wild blueberry pie, and seafood chowder are just a few of the delicacies you might encounter in Maine.

The Pine Tree State has a stunning natural landscape that ranges from sandy beaches to shining lakes to rugged mountains. It's also the most heavily forested state, with 83% of its land covered by trees.

Residents and visitors alike can enjoy Maine's many quaint, rural towns, or embark to Portland for fine dining, shopping, and more.

If you're thinking of buying or selling in Maine, these Maine housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1.5% or $3K in listing fees. Eligible buyers get cash back after closing. Find out how much you can save with Clever today!

Selling a home in Maine

Maine real estate market forecast for sellers
⏰ Homes are selling 46 days slower than the annual average 💰 Homes are selling for $28,404 more than the annual average
💸 Average listing commission: 2.83% 💸 Average buyer's commission: 2.33%
Show more

How to sell a home in Maine

Cost to sell a home in Maine

💰 Save thousands on realtor fees with Clever

List with the best agents in your area for just 1.5%. On average, Clever sellers save $7,000 on commission!

Our agent matching service is 100% free with zero obligation.

Buying a home in Maine

How much home you can buy with $300,000 in...
🏠 Portland: 968 sq ft 🏡 Augusta: 1,974 sq ft
🏡 Bangor: 1,887 sq ft 🏠 Lewiston: 1,657 sq ft
Show more

Investing in Maine real estate

Best of Maine

Each month, we compare locations in Maine based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Maine
1. Sagadahoc County
2. Cumberland County
3. York County
4. Hancock County
5. Knox County
Show more

Ready to buy a home in Maine? Eligible buyers get cash back with Clever!

Worst of Maine

Each month, we compare locations in Maine based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Maine
1. Somerset County
2. Aroostook County
3. Piscataquis County
4. Washington County
5. Oxford County
Show more

Maine resources

👋 Next Steps: Talk to an expert

If you're weighing your options for buying or selling a house, Clever can help!

Our fully licensed concierge team can answer your questions and provide objective advice on getting the best outcome with your sale or purchase.

When you enter your info below, we'll ask you a few questions about your situation via a short form. Then our concierge team will be in touch shortly to help.

This service is free, and there’s never any obligation to move forward with us.

Frequently asked questions about Maine real estate

Is it a buyer's or seller's market in Maine?

It is currently a seller's market in Maine, but this could be changing. Properties are sitting for longer periods and inventory is building up, giving buyers some leverage to negotiate a lower price than what’s listed. However, each local area has its own trends, so it’s best to consult with a real estate agent to help guide you with your decisions.

Is Maine a good state to invest in real estate?

Investing in Maine real estate is a good idea, especially in more populous areas like Portland. But if you want to make the most out of your investment, you first need to find the best neighborhood to buy in and create a solid property management plan. Read our guide to real estate investing to find out more.

Is it a good time to buy a house in Maine?

Now might not be an ideal time to purchase a house in Maine. Listing prices and mortgage rates in the state are much higher than normal, so you’ll need the help of a skilled real estate agent if you want to get a good deal.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

Better real estate agents at a better rate

Enter your zip code to see if Clever has a partner agent in your area
If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.