How much is land worth in Penobscot, Maine?
The median price for land in Penobscot, Maine is currently $18K per acre. For a typical parcel, the median sale price is $105K. Recently, the cheapest land sold for $105K while premium lots reached $105K.
Penobscot, Maine Land Market Statistics
Comprehensive market data and analysis• Updated Dec 2025
Active Listings
4
Sold (12M)
1
Median Price
$105K
Market Condition
Strong Buyer's Market
Penobscot, Maine Market Meter
Strong Buyer's Market
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
Market Overview
Median Price
$105K
Avg Price/Acre
$18K
Avg Days on Market
243
Months of Supply
999.0
YoY Price Change
-
New Listings (3M)
0
Land Market Data by Acreage
Data Type:
View:
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 0 | 0 | 1 |
📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.
Market Trends & Analysis
Inventory by Acreage (12 Months)
Sold
For Sale
5-10 acres1 sold / 1 listed
20-50 acres0 sold / 2 listed
50-100 acres0 sold / 1 listed
Median Price by Acreage
$0$53K$105K
5-
10
Acreage buckets
Key Market Indicators
Total Sales Volume
$105K
Last 12 months
Active Listings
4
Current inventory
Avg Days on Market
243
Time to sell
Price Trend (YoY)
-
Year over year
Penobscot, Maine Land Market Analysis
Is now a good time to invest in land in Penobscot, Maine?
The top-performing broker in this market is Better Homes & Gardens Real Estate/The Masiello Group.
What is the total land for sale in Penobscot, Maine?
There are currently 4 active listings in Penobscot, Maine. The median asking price is $275K.
What is the absorption rate for land in Penobscot, Maine?
The 12-month rate is 2.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
What is the median land price in Penobscot, Maine?
The median land price in Penobscot, Maine stands at $105K. This translates to roughly $18K per acre for the typical parcel size.
What is the average price per acre in Penobscot, Maine?
Land in Penobscot, Maine averages $18K per acre. The median price per acre is $18K, which may be more representative of typical transactions. Most parcels sold are around 6.0 acres.
How long does it take to sell land in Penobscot, Maine?
Land in Penobscot, Maine typically sells within 243 days of listing. The median time on market is 243 days. Properties are moving slowly in the current strong buyer's market.
Data Sources & Accuracy
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.
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