As spring begins to make its way to the Midcoast, February 2025 brought some interesting shifts in the real estate market across Knox, Waldo, Kennebec, Lincoln, and Hancock Counties. The market remains active, with buyers and sellers navigating changes in prices and days on market, but some trends suggest a slight softening compared to the start of the year. Here's a closer look at what happened in February and what it means for both buyers and sellers.

Knox County: Stability with Slight Declines
In Knox County, the market showed steady activity, but with some subtle changes. While the number of new listings and closed sales remained strong, the median sales price dipped slightly in February to $422,500. The median days on market remained relatively short at 34 days, indicating continued demand for homes in this desirable coastal area. However, Knox County's highest sale fell under a million, which is indicative of the winter selling season. 

Waldo County: Slower Market
In Waldo County, there was a notable increase in new listings, but sales slowed a bit compared to January.

The median sales price also saw a slight decrease, aligning with the slower pace of sales. Homes are taking a bit longer to sell, with 73 days on market on average. However, the number of new listings shows that there’s still plenty of inventory for buyers to consider, particularly for those looking for more affordable options. With the highest sale price reaching $760,000, Waldo County continues to offer a variety of price points. 

 

 

 

 

 

 

 

 

 

 

Kennebec County: Steady Activity with Strong Price Points
In Kennebec County the market showed signs of strength despite the slight dip in other counties. This area is maintaining a good balance of new listings and closed sales. With a median sales price of $302,900, Kennebec County remains a pricepoint approachable county. Closed sales remained strong with 70 properties sold, and the median days on market was a relatively short 42 days, showing that homes are still moving fairly quickly. The highest sale price reached $1.395 million.

Lincoln County: A Balanced Market with Mid-Range Prices
In Lincoln County, the market followed the trend of a slight decline in the median sales price compared to earlier in the year. The median sales price of $378,500 is solid, but it's a slight decline from January 2025. Homes are taking a little longer to sell, with an average of 61 days on market. The highest sale price of $924,905 indicates that Lincoln County still attracts buyers looking for a combination of coastal charm and relative affordability.

Hancock County: Strong Performance
Finally, in Hancock County, the market had a standout performance with several high-end sales. 

While Hancock County saw higher median days on market at 76 days, the median sales price remained strong at $474,000. The highest sale was $6.783 million home on Mount Desert Island, which speaks to the enduring appeal for coastal luxury properties in Maine. 

Looking Ahead: What February's Numbers Mean
As we head into the spring, the real estate market in Midcoast Maine continues to show strong activity, though we are seeing slight adjustments in pricing and days on market. Sellers in Knox, Waldo, Kennebec, Lincoln, and Hancock counties still have the opportunity to benefit from demand, but they may need to adjust expectations on pricing if trends continue.

For Buyers, while some counties are seeing slightly softened pricing, competition remains strong.

Whether you’re looking to buy or sell, February's numbers show a balanced market with a little more room for negotiation. If you're thinking about making a move, it’s a great time to start the conversation with a trusted local agent to help navigate the unique opportunities of the Maine real estate market in 2025.