Comprehensive market data and analysis• Updated Oct 2026
21.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | 1 | 1 | 1 | 1 |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 1 |
| TOTAL | 1 | 1 | 2 | 4 |
Acreage buckets
The median price for land in Penobscot, Maine is currently $6K per acre. For a typical parcel, the median sale price is $117K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $59K while premium lots reached $138K.
Penobscot, Maine is currently a strong buyer's market with 21.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Penobscot, Maine currently has 21.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in Penobscot, Maine is 4.8% (3-month basis), indicating slow demand. The top-performing broker in this market is Legacy Properties Sotheby's International Realty.
There are currently 7 active listings in Penobscot, Maine. The median asking price is $199K.
The 3-month absorption rate in Penobscot, Maine is 4.8%. The 12-month rate is 4.8%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Penobscot, Maine stands at $117K. This translates to roughly $6K per acre for the typical parcel size. The average price is $104K, showing a fairly consistent market.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Penobscot on LandyDandy.
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