News

Median Price of Homes in Maine Reaches $426,000

Photo: 560 WGAN Newsradio


The median price of a home in Maine has reached a record high of $426,000,  according to numbers from the Maine Association of Realtors.  The cost increased by nearly 8 percent over the same month last year.

The price surged in October after four consecutive months of decline in the state.

Meanwhile, the number of homes sold in October was actually down from the previous month, but still showed a healthy increase of 11 percent over October of last year.

“Buyers were active in October, with sales outpacing the number of new listings
for the month,” says Maine Association of Realtors President Jeff Harris.
“The number of homes for sale in October 2025 exceeded the number for sale in
October 2024, but decreased 7.6 percent compared to last month; this is the first
decrease of homes on the market since February.”

Home prices on a county basis show a tale of two states, with homes in Cumberland and York counties selling for up to four times as much as homes in northern Maine’s Aroostook County.

Statistics from the Maine Association of Realtors are posted below.

(Maine Association of Realtors)

The median price of a home in Maine of $426,000 is still a relative bargain compared to the rest of the northeast, which has a median price of $503,700. Sales were up 4.3
percent in October year over year in the northeast.

The median sale price for those homes nationally increased 2.2 percent to $420,600. Nationally, sales of single-family existing homes in October 2025 rose 1.9 percent
compared to October 204, according to the National Association of Realtors.

Latest Headlines

1 day ago in Entertainment

‘Rush Hour 4’ will be distributed by Paramount after Trump’s reported request

After President Donald Trump's reported intervention, Paramount Pictures is set to distribute Brett Ratner's "Rush Hour 4," a project that Hollywood had eschewed after earlier sexual misconduct allegations against the director.

2 days ago in National, Trending

Trump spares turkeys — but not his political opponents — at annual pardoning ceremony

President Donald Trump didn't bring much holiday cheer Tuesday when bestowing ceremonial pardons on two Thanksgiving turkeys, dispensing more insults than goodwill at the traditional White House ritual.

2 days ago in Entertainment

How Jessie Buckley and Paul Mescal found the emotional power of ‘Hamnet’

In "Hamnet," Chloé Zhao's adaptation of Maggie O'Farrell's prizewinning 2020 novel, Paul Mescal plays William Shakespeare and Jessie Buckley his wife, Agnes. It's a fictional, speculative drama with basis in historical fact.

2 days ago in Lifestyle, Trending

What’s open on Thanksgiving? Not much, as many stores rest — or prepare — ahead of Black Friday

With Thanksgiving and the formal launch of the holiday shopping season this week, Americans will again gather for Turkey Day meals before knocking off items on their Christmas gift lists.

2 days ago in Sports, Trending

Under a cloud, the Olympic flame begins its journey to the Milan Cortina Winter Olympics

The Olympic flame began its journey Wednesday to the Milan Cortina Winter Games — missing a little of its usual magic. Bad weather lashing western Greece forced organizers to move the torch-lighting ceremony indoors, from Olympia's ancient stadium and temples to a nearby museum.