Maine Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

By 

Clever Real Estate

July 19th, 2021
Updated July 19th, 2021

SHARE

Maine real estate trends

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

Maine real estate trends (July 2021)

How is the real estate market in Maine?
🏠 Average home value: $297,465
📈 2.31% home value increase month over month
💰 Median sale price: $294,000
⏳ 72 days on the market
🔑 Homes on the market: 2,996
📆 2.5 months of housing inventory
🏦 30-year mortgage rate: 3.14%
💵 Average income: $57,918
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 July 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 44 days faster than the annual average
💰 Homes are selling for $31,721 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

💰 Save thousands on realtor fees with Clever

List with the best agents in your area for just $3,000 or 1%. On average, Clever sellers save $9,000 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: 1,027 sq ft
🏡 Augusta: 2,380 sq ft
🏡 Bangor: 2,137 sq ft
🏠 Lewiston: 1,820 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!

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

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

Ready to get started?

Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

Remember, this service is 100% free and there’s never any obligation.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, 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.

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.