Experts suggest that buyers and sellers in Maine’s housing market are on a more level playing field this fall with 1,582 homes changing hands in September.
A new report from the Maine Association of Realtors indicates that the median sale price of homes in the state has decreased slightly since this time last year, coming in at $402,500.
This is down a bit from the historic high of $425,000 seen earlier this year.
September represented the second time in 2025 that home prices have shown a year-over-year decrease, something that has only happened twice now since 2019.
Despite this, the median sale price remains largely unchanged from August of this year, at which time it was calculated to be $409,450.
Compared to last month, there were slightly fewer home sales completed, but the September numbers still represent a 5.12 percent increase over this same time last year.
Nationally, year-over-year growth was a bit slower, showing a 4.5 percent increase in the number of homes sold versus the September 2024 figure
With a national median sale price of $420,700, the price of homes looks to have risen by 2.3 percent during this same time period.
Similar figures were seen regionally last month, with prices increasing 4.1 percent to $500,300 and home sales went up by 4.3 percent.
County-level data shows that Piscataquis and Washington had the greatest increase in sales during the current rolling quarter, coming in at 19.57 and 19.33 percent respectively. Hancock and Franklin counties both saw decreases.
Although no counties necessarily stand out as having had dramatic price increases during this period, Sagadahoc and Franklin both saw price decreases of around 4 percent.
The most expensive homes were in Cumberland and York counties, while homes were sold for the lowest prices in Aroostook county.
