Single-family homes in Cumberland County, Maine became significantly more expensive in October, underscoring a growing inventory and persistent demand in coastal Maine, according to data released Tuesday.
The county’s median sale price jumped 10.79 percent, from $559,600 in October 2024 to $620,000 in October 2025. Over the same period, the number of single-family homes sold rose 7.08 percent, signaling not just higher prices, but more transactions as well.
Leaders of the Greater Portland Board of Realtors pointed to growing inventory as a key factor in the market’s resilience.
“The Greater Portland market is continuing to benefit from more inventory on the market,” said board president, Aaron Chadbourne.
Across the county, certain communities saw especially steep increases.
In Falmouth, the median home price surged to $1.395 million, up 24.5 percent from a year ago. In Cape Elizabeth, the median hit $1.3 million, a 49 percent increase over the previous October. In Portland, the median price rose modestly to $617,500, up 1.23 percent from October 2024.
The surge in Cumberland County contrasts with a broader statewide trend. Across Maine, the median home sale price in October rose to $426,000, surpassing the national median of $420,600.
Still, not every town in Cumberland shared in the gains. Some municipalities recorded notable declines. For example, Casco saw a median sale price drop to $265,500, down 20 percent from a year ago. Other towns such as New Gloucester and Pownal also posted median price declines.
Real estate observers say the rising prices and brisk sales, even amid growing inventory, reflect a still-competitive market, particularly in desirable communities along Maine’s southern coast where demand remains strong.
