January 2025 Real Estate Market Report: Cumberland & York Counties
As we step into 2025, the real estate markets in Cumberland and York Counties continue to show notable shifts. This month’s data provides valuable insights for buyers, sellers, and industry professionals alike.
Cumberland County Real Estate Market: January 2025
- New Listings: 190 (+25%) – A steady increase in new listings provides more opportunities for buyers entering the market.
- Median Price: $559,000 (+2.8%) – Home prices remain stable with modest growth, reflecting a balanced market.
- Sold Listings: 153 (+1.3%) – Sales activity remains consistent, indicating steady demand.
- Time on Market: 17 days (+1 day) – Homes are selling at a similar pace to last year, suggesting continued market resilience.
Cumberland County’s market remains steady, with both buyers and sellers benefiting from stable conditions. The increase in new listings expands choices for buyers, while sellers continue to see competitive pricing.
York County Real Estate Market: January 2025
- New Listings: 223 (+65.2%) – A significant increase in inventory offers buyers a wider selection of homes.
- Median Price: $557,500 (+17.6%) – Home values have risen considerably, indicating strong demand.
- Sold Listings: 140 (+15.7%) – Higher sales figures suggest sustained interest from buyers.
- Time on Market: 30 days (+15 days) – Homes are spending more time on the market, which may offer buyers greater negotiating leverage.
York County has seen a notable rise in both inventory and prices. While increased listings provide buyers with more options, the longer time on market suggests a shift in dynamics, where strategic pricing and presentation will be key for sellers.
Key Takeaways
- For Buyers: The increase in listings—especially in York County—creates more opportunities. However, rising home prices suggest acting sooner rather than later may be beneficial.
- For Sellers: Home values remain strong, but properties are taking slightly longer to sell. Pricing competitively and ensuring strong market positioning will be essential.
Portland’s Growing Popularity & Market Impact
Maine’s real estate market continues to gain national attention, and it’s easy to see why. Portland was recently named Zillow’s most popular vacation town in the U.S. (Read more here), and for good reason—its coastal charm, vibrant downtown, and strong sense of community make it a sought-after destination. With this growing recognition, we could see even more interest from out-of-state buyers and investors looking to get a piece of Maine’s real estate market. If demand continues to rise, Cumberland and York Counties may experience further price increases and competitive conditions.
As market conditions evolve, staying informed will be key to making well-timed real estate decisions. Whether buying or selling, understanding these trends can help navigate the months ahead effectively.
