Your Maine Real Estate Market Report | April 2025 Stats

The Scott & Sunny Townsend Team with Keller Williams is your premier source for real estate market information in Maine. 

Maine's Real Estate Market: April 2025 Sees Rising Values Amidst Sales Adjustments

As spring arrived fully, Maine's real estate market captured the interest of homebuyers with evolving trends. Maine Listings reported 942 single-family existing homes changed hands in April 2025, a slight decrease of 0.74 percent compared to April of 2024. Despite this minor shift in sales volume, the median sales price (MSP) for those homes reached $400,000, representing a notable 4.44 percent increase year over year. The MSP indicates that half of the homes were sold for more and half sold for less.

Key Market Movements:

According to 2025 President of the Maine Association of REALTORS®, "Spring has sprung! Listing activity and buyer demand have heated up." He notes that while April sales were slightly lower than a year ago, they were 11 percent higher than the previous month. Importantly, the statewide median sales price touched $400,000 for the third time since September 2024. Harris also highlights a significant increase in available inventory, with 19 percent more homes on the market in April than March, nearly 600 additional homes.

Nationally, the real estate landscape saw home sales dip by 1.4 percent when comparing April 2025 to April 2024, while the national MSP increased 1.7 percent to $418,000. Regionally, the Northeast experienced stable sales figures year-over-year for April 2025, and the regional MSP saw a solid increase of 6.3 percent to $487,400.

Your Local Real Estate Landscape - March 2025 Snapshot (Refer to accompanying graphic for full details):

The provided graphic (from March 2025) offers a valuable snapshot of specific local market conditions, reflecting trends like Median Sales Price, Median Days on Market, List to Sales Price Ratio, and Months of Inventory for the State of Maine, Cumberland County, and the Town of Scarborough. These March figures illustrate the dynamics leading into April's activity.

• State of Maine: Median Sales Price: $400,000 (4.4% increase YoY), Median Days on Market: 16 (14.3% increase YoY), List to Sales Price Ratio: 999% (no change YoY), Months of Inventory: 3.5 (47% increase YoY).
   
• Cumberland County: Median Sales Price: $580,000 (2.8% increase YoY), Median Days on Market: 7 (no change YoY), List to Sales Price Ratio: 101.9% (1.1% decrease YoY), Months of Inventory: 1.7 (28% increase YoY).
   
• Town of Scarborough: Median Sales Price: $690,000 (9.3% increase YoY), Median Days on Market: 6 (20% increase YoY), List to Sales Price Ratio: 105.1% (0.1% decrease YoY), Months of Inventory: 1.5 (47.6% increase YoY).
   

What This Means for You:

"As we begin the traditional peak season for real estate activity, be prepared, stay informed, and consult with your Realtor to make strategic decisions and navigate the dynamics of your local market—whether you’re selling or buying,” says MAR President. The increasing inventory and moderating pace can present both opportunities and challenges for buyers and sellers.

Are you interested in learning more about...

• Buying a home in Maine? Contact us for a personalized consultation and let our expert agents guide you through the process.
• Selling your home? We offer free market analyses to help you determine the optimal listing price and strategy for your property.
• The latest market trends? Subscribe to our newsletter for monthly updates and insights on the Maine real estate market.
• Downsizing or relocating? Attend one of our free workshops or schedule a consultation to discuss your options.

The Scott & Sunny Townsend Team is here to help you navigate the market and achieve your real estate goals. Contact us today to learn more!