Will Houses Become Less Expensive This Year in Maine?
If you’re keeping an eye on Maine’s housing market in 2025, you’ve probably wondered: will home prices finally start to drop? While national headlines are full of mixed signals, what’s happening here in Maine tells a more focused story.
As of early 2025, Maine’s median home value is around $400,642, according to Zillow. That’s up 2.8% year-over-year. The wild price spikes of the pandemic seem to be behind us, but we’re not seeing a true decline in prices just yet.
However, there’s some good news for buyers: inventory is rising. The Maine Association of Realtors reports a 23.4% increase in new listings in February compared to the previous year, and a 61.5% jump in active listings for single-family homes in March. That means more options for buyers, and potentially fewer bidding wars.
Interest rates are hovering around 6.5% for a 30-year mortgage, which is high compared to pre-pandemic levels but down from recent peaks. This is keeping affordability tight, but rates may begin to soften slightly later this year based on expert predictions from Keeping Current Matters.
So what does this all mean?
If you’re buying: Prices aren’t likely to fall significantly, but the market is more balanced. You may have more negotiating power, especially in rural parts of Maine where demand has softened.
If you’re selling: The market still leans in your favor, but accurate pricing is more important than ever. Overpricing could mean longer days on market in 2025.
The bottom line: Maine’s market is stabilizing. That means fewer dramatic price jumps, more inventory to choose from, and more opportunity for buyers who are prepared.
If you’re thinking about making a move, don’t go it alone. Schedule a free 15-minute strategy call with Doug and The Make Maine Your Home Team. We’ll help you make smart moves in 2025.
If you Make Maine Your Home, you don’t have to do it alone!
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To reach out to Doug you can call or text 207-838-5593, search listings, or contact him with any questions.
