As we move toward the end of 2024, Cumberland County and York County are experiencing notable trends in their real estate markets. Whether you’re a buyer, seller, or investor, understanding these year-over-year shifts can help you make informed decisions. Let’s dive into the latest data!
November 2024
- New Listings: Cumberland County saw 259 new listings, marking a 15.6% increase compared to last year. This surge reflects increased seller confidence and opportunities for buyers seeking variety.
- Median Price: The median home price in the county dropped slightly to $526,500, a 2.5% decline. While prices have softened, this can present a prime opportunity for buyers looking to enter a competitive market.
- Sold Listings: Closings remained strong, with 250 sold listings, up 5.5% year-over-year.
- Time on Market: Homes in Cumberland County are moving quickly, with an average of 9 days on the market—just 1 day longer than last year. The market remains brisk!
November 2024
- New Listings: York County reported 204 new listings, showing no change year-over-year. Inventory stability is beneficial for buyers planning moves this winter.
- Median Price: Home prices surged to $515,000, a 15.7% increase. This significant growth highlights York County's continued desirability among homeowners and investors.
- Sold Listings: The number of sold homes grew to 230 listings, a healthy 12.2% increase over last year.
- Time on Market: On average, homes stayed on the market for 11 days, reflecting an increase of 4 days year-over-year. While slightly slower than Cumberland County, York’s market continues to thrive.
Portland, Maine, was recently ranked the #1 Minor League Sports Town in the United States by Sports Business Journal. Home to popular teams like the Portland Sea Dogs, the Maine Mariners, and Maine Celtics, Portland's vibrant sports culture adds yet another layer of appeal to its already sought-after lifestyle. With family-friendly games, affordable ticket prices, and a community-driven fan experience, Portland continues to be an attractive destination.
For buyers and sellers, this recognition adds a new level of value to Portland’s real estate market. Access to entertainment and a high quality of life make Portland not only a great place to play, but also a great place to call home. Whether you’re eyeing a home near Hadlock Field or considering property across Cumberland County, it's clear that this area is a desirable place to call home.
