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The highest median home price for the period was in Cumberland County, where it reached $533,500. Like in Maine, the median sales prices for homes have been rising nationally and in the Northeast. Nationally they are up 4.7 percent to $397,000, while for the Northeast broadly they have risen 9.9 percent to $434,600.
York County
After a 31-month slide, Maine has seen home sales increase for two straight months. Not long after, it made the ranks of other real estate lovers' favorites on the Instagram account Zillow Gone Wild. Nationally, home sales fell 2.8 percent in March, compared with the same time the year before.
Off-market homes can give less competitive Maine buyers a chance - Bangor Daily News
Off-market homes can give less competitive Maine buyers a chance.
Posted: Mon, 26 Jun 2023 07:00:00 GMT [source]
'Literal cottagecore': Maine Wedding Cake House for sale at $2.65 million. See photos
In the Northeast, home sales were down nearly 3.8 percent in March, compared with March 2023, according to the National Association of Realtors. “Due to pent-up demand across Maine, markets remain brisk and multiple offers remain a common occurrence for properly priced and presentable properties,” McKee said. Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. All data should be independently verified.Copyright © 2024 Maine Real Estate Information System, Inc.
Maine Homes for Sale
Meanwhile, the median sales price for a Maine home rose nearly 12.6 percent to $380,000, compared with $337,500 in March 2023. Aroostook had the lowest median home price overall ($155,000). One of the sources of pushback was a newly formed group called The Friends of the Wedding Cake House. The group hired an attorney, who attended public meetings and pressed the argument that an inn and venue at the site would generate too much noise, traffic, and safety concerns. They also said it would set a precedent for other private properties on Summer Street to turn commercial and would drastically alter the character of the neighborhood. On the sales front, Androscoggin County saw the largest sales bump over that three-month period, increasing 39.7 percent.
Maine home sales increase for 2nd time after 31-month slide
He said he and his wife were seeking to establish an inn and venue to create a revenue stream to help them finish their renovations – specifically, the structure’s distinct trim and columns. Owners Hunt and Katie Edwards spent much of 2023 seeing their proposal to transform the place into an inn and venue through the town’s planning process. The project received pushback from neighbors as well as the Select Board. Others commented on the price, saying it must be relatively low because it is located in Maine. The home is located in York County, where the median home sales price is $428,640, according to previous USA TODAY reporting. Buyers scooped up 888 homes in March, an 3.5 percent increase compared with the 858 sold in March 2023, according to the Maine Association of Realtors.
It was followed by Lincoln (25.5 percent) and York (20.7 percent) counties. Sales fell most sharply in Waldo County, where they are down nearly 34 percent. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. Edwards told the Planning Board they had spent hundreds of thousands of dollars restoring the Wedding Cake House and its property.
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