As we embark on 2025, it's the perfect time to reflect on the year that was. Maine’s real estate market in 2024 stood strong, weathering economic shifts and embracing opportunities that have shaped our communities. Interest rates began to stabilize, signaling a potential turning point for buyers and sellers alike, while Maine’s unique charm and quality of life continued to attract those looking for something truly special.

In a year marked by national uncertainties, Maine’s 5-county region proved resilient. From rising property values to expanding inventory, 2024 was a year of growth, balance, and opportunity.
Whether it was a first-time buyer finding their perfect place, or a long-time homeowner making the move to their next chapter, Maine’s real estate market reflected the stories of those who call our state home.

As we dive into the numbers, each county tells its own story—a mix of growth, stability, and promise for the year ahead.

Here’s a closer look at how December 2024 shaped real estate across Hancock, Kennebec, Knox, Lincoln, and Waldo counties:

     

 

 

 

 

 

 

 

 

 

 

 

 

County Snapshots for December 2024 
Hancock County

• Median Sales Price: $425,000, up 13.3%

• Closed Sales: 20, down 50%

• Active Inventory: 225, up 33.1% 

Hancock sees solid price growth, but sales activity slowed, likely due to limited availability earlier in the year.

Kennebec County

• Median Sales Price: $343,150, up 30.8%

• Closed Sales: 93, an increase of 26.2%

• Active Inventory: 268, up 43.3%

A vibrant market with substantial price and sales growth, offering great opportunities for both buyers and sellers.

Knox County

• Median Sales Price: $497,500, up 15%

• Closed Sales: 43, up 10.6%

• Active Inventory: 144, up 28.6%

Knox remains competitive with rising prices and a surge in inventory, providing more choices for buyers.

Lincoln County

• Median Sales Price: $463,500, holding steady with no change

• Closed Sales: 36, down 46.1%

• Active Inventory: 135, up 73.1%

A balanced price trend but a big jump in inventory suggests opportunities for buyers to explore.

Waldo County

• Median Sales Price: $330,000, up 64.7%

• Closed Sales: 35, down 5.7%

• Active Inventory: 149, up 65.6%

Waldo saw a striking leap in prices, with expanding inventory offering room for future sales.