March 20, 2025 - In a press release to the media today, Maine home sales increased 6.51% compared to February 2025 to February 2024. The median sales price was $381,500, a 9.00% increase in that same time period. Knox County saw a 37% rise in number of units on the market from 2024 to 2025, while the median sales price stayed the same at $440,000. While Cumberland County saw a 19.66% increase in number of units sold in the same time period, with a 9.93% change with the median sales price increasing from $513,970 in 2024 to $565,000 in 2025. NAR reports that existing home sales were down and prices up nationally. Home sales and prices were up in the northeast, comparing February 2025 to February 2024. 

source: Maine Real Estate Information System, Inc. 

FMI contact Cates Real Estate 207-701-5600 | info@catesre.com 

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In 2023, most buyers who purchased a single family residential dwelling came from within the State of Maine. This accounts for 67.87% of homes transferred to fellow Mainers who were downsizing, upsizing, and rightsizing. This compares to Q4 statistics that showed 68.8% of purchases were Mainers.

FMI contact a lifestyle expert at Cates Real Estate | 207-701-5600 | info@catesre.com | www.catesre.com