Comprehensive market data and analysis• Updated Dec 2025
7.4 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 4 | 9 | 24 | 31 |
| 1-2 acres | 2 | 10 | 27 | 45 |
| 2-5 acres | 3 | 7 | 39 | 93 |
| 5-10 acres | 2 | 14 | 21 | 37 |
| 10-20 acres | - | 11 | 33 | 47 |
| 20-50 acres | 5 | 13 | 27 | 47 |
| 50-100 acres | 3 | 10 | 17 | 35 |
| 100+ acres | - | 6 | 10 | 21 |
| TOTAL | 19 | 80 | 198 | 356 |
Acreage buckets
The median price for land in Penobscot County, Maine is currently $8K per acre. For a typical parcel, the median sale price is $50K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $21K while premium lots reached $150K.
Penobscot County, Maine is currently a balanced market with 7.4 months of supply. Conditions favor neither buyers nor sellers significantly. Prices have decreased 37.1% year-over-year.
Penobscot County, Maine currently has 7.4 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The 3-month absorption rate in Penobscot County, Maine is 13.5%. The 12-month rate is 15.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Penobscot County, Maine is 13.5% (3-month basis), indicating moderate demand. With depreciating values (-37.1% YoY), buyers may find value opportunities. The top-performing broker in this market is Acres Away, Inc..
The median land price in Penobscot County, Maine stands at $50K. This translates to roughly $8K per acre for the typical parcel size. The average price is $73K, indicating some higher-priced properties pulling up the average.
Over the past 12 months, Penobscot County, Maine saw 356 properties sold, totaling $25.8M in sales volume. In just the last 3 months, 80 properties changed hands.
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.