Comprehensive market data and analysis
8.4 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Glen Cove, Maine | ||||||
The median price for land in the Maine area is currently $18K per acre. For a typical parcel, the median sale price is $80K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $27K while premium lots reached $265K.
the Maine area is currently a balanced market with 8.4 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have decreased 7.7% year-over-year.
the Maine area currently has 8.4 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The 3-month absorption rate in the Maine area is 11.9%. The 12-month rate is 12.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in the Maine area stands at $80K. This translates to roughly $18K per acre for the typical parcel size. The average price is $130K, indicating some higher-priced properties pulling up the average.
Land in the Maine area averages $86K per acre. The median price per acre is $18K, which may be more representative of typical transactions. Most parcels sold are around 3.8 acres.
The current absorption rate in the Maine area is 11.9% (3-month basis), indicating moderate demand. With depreciating values (-7.7% YoY), buyers may find value opportunities. The top-performing broker in this market is Keller Williams Realty.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
