Single-Family Homes in Cumberland County:
In April 2025, the single-family housing market in Cumberland County, Maine, showed strong momentum. The median sales price rose to $580,000, marking a 2.8% increase from the previous year and a 5.7% jump from March. Closed sales surged by 22.4% year-over-year and an impressive 50.3% month-over-month, indicating a sharp uptick in buyer activity.
Homes are moving quickly, with a median of just 7 days on the market—unchanged from last year but 30% faster than the prior month. The DOM signals very strong buyer demand and a fast-paced market, which creates a few key effects: pressure on buyers, advantage to sellers, market confidence, and inventory turnover.
Sellers received 101.9% of their asking price on average, slightly above list and up from March. Inventory is building, with new listings up 39.1% from last year and active inventory climbing 75.1%, though the month's supply remains low at 1.9. The increase in listings but low levels of months' supply indicate increased options for buyers, a slight shift toward balance but still seller-friendly, potential slowing of price acceleration, and a sign of Market Activity.
Overall, the market remains competitive and fast-moving, with rising prices and limited supply continuing to favor sellers.
Condominiums in Cumberland County:
In April 2025, the condominium market in Cumberland County, Maine, showed notable growth and competitive conditions. The median sales price rose to $586,143, marking a 33.2% increase from April 2024 and 18.2% from March 2025. This sharp growth suggests strong buyer demand and possibly a trend toward higher-end properties. Closed sales surged by 22.8% year-over-year and a remarkable 66.7% month-over-month, while median days on market dropped to just 8—down 50% from March. These combined trends indicate a fast-moving, competitive market where homes are not only selling for more but doing so quickly.
Sellers received an average of 100.7% of list price, and the median sold price per square foot climbed to $362. New listings increased by 58.8% from last year, with active inventory up 40.9%, offering more options to buyers. However, the months supply of inventory declined 32.3% month-over-month to 2.8, reflecting tight supply despite rising listings. This combination of higher prices, strong buyer competition, and limited supply despite more listings points to a seller’s market with sustained upward pressure on prices and fast-moving transactions.
Despite a surge in new listings and growing active inventory, demand continues to outpace supply, driving up competition and sale prices. Buyers face a tight market, while sellers benefit from favorable conditions and premium returns.
Click the link to see the full report: April 2025 Market Report
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