LINCOLN COUNTY, MAINE REAL ESTATE MARKET AND SALES UPDATE *

Buyers of single-family homes in Maine are witnessing a more stable market this fall. According to Maine Listings, 1,582 single-family existing homes changed hands in September with a median sales price (MSP) of $402,500—a slight decrease of 1.35 percent compared to September 2024. The MSP indicates that half of the homes were sold for more and half sold for less.

As we move through 2025, for many markets in Maine, sellers and buyers are on more equal footing for negotiating their home purchase. We are seeing an increasing number of homes for sale, increasing time-on-market, and pricing concessions which eases the competition that buyers have been facing for the past five years. We’re moving beyond the pandemic frenzy. For the second time in 2025 and only the second time since March 2019, Maine’s median home sale price decreased in a year-over-year comparison.

The National Association of Realtors reported a 4.5 percent uptick in sales across the country and prices increased 2.3 percent to a national MSP of $420,700 comparing September 2025 to September 2024. Regionally, sales in the Northeast rose 4.3 percent while the regional MSP increased 4.1 percent to $500,300 over the same period. With more for-sale options on the market, new listings should reflect today’s market to generate demand. As Maine’s residential real estate markets adjust and balance, buyers have more negotiating leverage.

Our company continues to excel with a full staff of exceptional local agents who know the market. We are proud to remain a leading real estate firm in Lincoln County as we serve buyers and sellers. As of the date of this report, our brokers have assisted 124 families with a total sales volume of $59,299,462 with $8 million in sales since last month alone! As a locally owned company, Newcastle Realty is committed to supporting our local communities and families. Through our Charitable Giving and Community Outreach committee, a portion of every transaction is invested back into Lincoln County. Over the past 30 years, we have donated over $470,000 and hundreds of hours to local organizations. Learn more about our charitable giving at https://mynewcastle.com/about/community-support/.

Most of the year-to-date 2025 property sales locally have occurred in Waldoboro (71), Wiscasset (52), Jefferson (45), Bristol (66), and Boothbay (56). Slightly fewer sales have happened so far in Nobleboro (31), Whitefield (31), Damariscotta (28), Boothbay Harbor (44), Dresden (15), Edgecomb (33), and Newcastle (31). Towns seeing even fewer sales include Westport Island (10), South Bristol (13), Alna (12), Bremen (8), Southport (17), Somerville (11), and Monhegan Island (3).

There are 203 single-family homes for sale in Lincoln County (same as September 25, 2025), with 56% percent of those priced at or above $500,000. The 527 residential sales that have occurred in the last 365 days represent transactions in the range of under $100,000 (3%), $100,000-$249,999 (11%), $250,000-$499,999 (44%), $500,000-$999,999 (31%), and $1 million-plus (10%). Listing inventory remains low—it is a great time to sell and our brokers are ready to answer your questions about the process.

The current market absorption rates for Lincoln County homes are 1.2 months (under $100,000), 1.9 months ($100,000-$249,999), 3.8 months ($250,000-$499,999), 5.1 months ($500,000-$999,999), and 9.7 months ($1 million and up). This tells us how long it would take for existing inventories to be absorbed into the market at current rates of sales if no new listings were introduced.

Newcastle Realty tracks Lincoln County and statewide sales, along with other important metrics, which keep our brokers fully informed of current market conditions and emerging trends as they serve buyer and seller client needs. Questions or comments may be directed to Dennis Hilton, President of Newcastle Realty at dennishilton@cheneycompanies.com or 207-380-3435.

∗ Sales statistics based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period 1/01/2025 through 10/23/2025.