Maine Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate


Clever Real Estate

October 1st, 2021
Updated October 1st, 2021


Maine real estate trends

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

Maine real estate trends (October 2021)

How is the real estate market in Maine?
🏠 Average home value: $313,134
📈 2.64% home value increase month over month
💰 Median sale price: $294,000
⏳ 62 days on the market
🔑 Homes on the market: 3,533
📆 2.4 months of housing inventory
🏦 30-year mortgage rate: 3.14%
💵 Average income: 49469
State of the market: B+
Home values and listing prices are on the rise in Maine, which bodes well for sellers. However, the state does have enough inventory to absorb buyer demand, so it remains to be seen where this market is heading.
*Data last updated October 2021

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% or $3K in listing fees. Eligible buyers get 0.5% 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 14.5 days faster than the annual average
💰 Homes are selling for $19,875 more than the annual average
💸 Average listing commission: 3.00%
💸 Average buyer's commission: 2.45%

How to sell a home in Maine

Cost to sell a home in Maine

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Buying a home in Maine

How much home you can buy with $300,000 in...
🏠 Portland: 1,032 sq ft
🏡 Augusta: 2,321 sq ft
🏡 Bangor: 2,199 sq ft
🏠 Lewiston: 1,768 sq ft

Investing in Maine real estate

Best of Maine

Each month, we compare cities in Maine based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Maine
1. Lewiston-Auburn
2. Bangor
3. Augusta-Waterville

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

Worst of Maine

Each month, we compare cities in Maine based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Maine
1. Portland-South Portland
2. Biddeford
3. Sanford

Maine resources

👋 Next Steps: Talk to an expert!

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Clever's analysis of state market trends is based on local data from Zillow,, Redfin, S&P Global, 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.

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