Market Update

April 2025 Real Estate Market Report:
Cumberland County & York County, Maine

The spring real estate market in Southern Maine is heating up, with Cumberland County and York County both showing significant year-over-year activity in April 2025. Whether you're looking to buy a home in Maine or considering selling your property this spring, these fresh market insights will help guide your next move.

• New Listings: 391 (+39.1% YoY)
  The spring inventory surge continued in April, offering more options for home buyers in Cumberland County and slightly easing the tight competition seen earlier in the season.

• Median Sale Price: $580,000 (+2.1% YoY)
  Home values in Cumberland County remain strong. The steady price growth signals continued buyer demand in Portland, South Portland, and surrounding areas.

• Homes Sold: 224 (+22.4% YoY)
  After a slower March, closed sales increased sharply—suggesting buyers are jumping back into the market and making quick decisions on desirable properties.

• Average Days on Market: 7 days (no change)
  Well-priced homes are still selling quickly. This reflects a market where turnkey listingsget snapped up fast, especially in sought-after neighborhoods.

Key Insight:
The Cumberland County real estate market is regaining momentum. With both inventory and sales on the rise, it’s a great time for buyers to act while new listings are fresh—and a prime opportunity for sellers to position their homes strategically to attract multiple offers.

• New Listings: 355 (+46.1% YoY)
  Inventory has jumped substantially, giving buyers more selection across York County—from coastal towns like Kennebunk and York to inland areas like Sanford and Waterboro.

• Median Sale Price: $493,750 (-1.3% YoY)
  A slight decline in pricing may give budget-conscious buyers a better chance at securing a home, especially in this more competitive, higher-inventory environment.

• Homes Sold: 144 (-8.3% YoY)
  Despite more listings, closed sales are down slightly compared to last year, which may reflect increased buyer caution or a longer decision-making process.

• Average Days on Market: 10 days (+3 days)
  Homes are still selling relatively fast, but the increase in days on market suggests that buyers have more time to consider their options—particularly in areas with more inventory.

Key Insight:
The York County housing market is leaning toward buyers this spring. Increased inventory and softening prices offer opportunities for those who have been waiting on the sidelines. Sellers, however, will need to be competitive with pricing and utilize professional real estate marketing to stand out.

• York County is seeing price flexibility and expanded inventory—ideal for buyers looking for better value.

• Cumberland County remains highly competitive—buyers should be pre-approved and ready to move quickly, especially in hot areas like Cape Elizabeth, Cumberland, Falmouth, Portland, North Yarmouth, Scarborough, Westbrook, and Yarmouth.

• Inventory is rising fast in both counties. To succeed, focus on professional marketing and utilizing technology that helps your property stand out from the competition.

• Cumberland County sellers can still benefit from rising home prices—just make sure your listing is positioned well to catch attention in a crowded market.

As we move deeper into the spring season, both Cumberland and York Counties are likely to see sustained market activity. More homes are hitting the market, and motivated buyers are beginning to make moves.

Whether you're buying your first home, upgrading, or getting ready to sell, staying up to date with real estate market reports in Maine is key. Check back next month for May’s market trends and insights!

Thinking about buying or selling? Let’s connect and discuss the best strategy for your goals in today’s market.