Affordable real estate in Southern Maine: what the 2026 data showsWith median home prices above $500,000 in many Southern Maine communities, it's easy to assume that affordable real estate has
Maine's Growing Real Estate Market
Dated: September 5 2024
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Rising Demand: The demand for homes in Maine has been steadily increasing, especially in areas like Portland, Southern Maine, and the coastal regions. With more people working remotely, the appeal of Maine's quiet, scenic environment has grown.
Market Trends: The Southern Maine real estate market in 2024 remains competitive due to low inventory and rising prices. The median sales price is now $395,000, a 5.1% increase year-over-year. With only a 3.2-month supply, it's a strong seller’s market, especially in desirable areas like Cumberland and York counties. Buyers should expect competition, while sellers benefit from price appreciation and quick sales.
Robert Thibodeau
Southern Maine REALTOR® specializing in residential homes, condos, coastal properties, and second homes across Saco, Biddeford, Old Orchard Beach, Scarborough, and the greater York and Cumberland ....
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified ©2026 Maine Real Estate Information System, Inc. All Rights Reserved.
