Comprehensive market data and analysis• Updated Dec 2025
16.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | 1 | 2 | 3 |
| 2-5 acres | - | 1 | 1 | 3 |
| 5-10 acres | - | - | 1 | 2 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 4 | 9 |
Acreage buckets
The median price for land in Norway, Maine is currently $34K per acre. For a typical parcel, the median sale price is $80K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $47K while premium lots reached $150K.
Norway, Maine is currently a strong buyer's market with 16.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Norway, Maine currently has 16.5 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Norway, Maine typically sells within 33 days of listing. The median time on market is 28 days. Properties are moving quickly in the current strong buyer's market.
Over the past 12 months, Norway, Maine saw 9 properties sold, totaling $807K in sales volume. In just the last 3 months, 2 properties changed hands.
The 3-month absorption rate in Norway, Maine is 6.1%. The 12-month rate is 6.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 11 active listings in Norway, Maine. The median asking price is $79K.
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.
