January 2025 Market Update: Midcoast Maine
As the New Year unfolds, the real estate market across Midcoast Maine continues to showcase its unique characteristics.
Here’s a closer look at the January 2025 market statistics for Knox, Hancock, Lincoln, Kennebec, and Waldo Counties.
Knox County saw a steady influx of new listings in January, paired with a robust median sales price that reflects the county’s desirable properties and lifestyle appeal. Homes spent a median of 71 days on the market, signaling a steady pace for both buyers and sellers.
Hancock County remains a hotspot for buyers looking to invest in properties near the stunning Maine coastline. With 46 closed sales and the highest property selling for $3.5 million, the market here is dynamic and competitive.
Lincoln County median sales price reached over half a million dollars, showcasing its appeal to those seeking both primary residences and vacation homes. Homes here moved quickly, with a median of just 38 days on the market.
Kennebec County's January market saw the highest number of new listings, with 109 properties entering the market. Homes here moved rapidly, with a median of just 27 days on the market, making it one of the most active counties in the region.
Waldo County Waldo County’s real estate market remains vibrant, with a strong balance of new listings and closed sales. A special shoutout to Chuck Brawn of Dwelling in Maine, who was thrilled to assist in the sale of the highest-priced property in the county at $925,000.
Market Trends and Insights
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The variety of median sales prices across counties highlights the diverse range of properties available, from affordable homes to luxury waterfront estates.
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Median days on market varied significantly, with Kennebec County properties moving the quickest and Knox County seeing a more measured pace.
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High-value sales, like those in Hancock and Waldo Counties, emphasize the desirability of Maine’s coastal lifestyle.
Whether you’re looking to buy, sell, or simply stay informed, the Dwelling in Maine team is here to guide you through every step of the real estate journey. Reach out today to learn more about how we can help you achieve your real estate goals in 2025!
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