06/26/2025
Local Market Report: York, Kittery, and Ogunquit - Maine, May 2025
Overview:
The Southern Seacoast Maine real estate market as of then end of May 2025 shows a diverse set of trends across York, Kittery, and Ogunquit. This region, known for its coastal charm and tourism appeal, continues to draw interest from homebuyers, though the market conditions vary by location.
York, ME:
Market Type: Seller's Market
Median List Price: $899,000, an increase from $855,000 in 2024.
Trends: York remains a strong seller's market, with increased demand pushing up prices compared to last year. The competitive market conditions suggest limited inventory and high buyer interest, especially for homes with coastal views and amenities.
Kittery, ME:
Market Type: Stable Market
Average Home Value: $664,481, a slight increase of 0.5% over the past year.
Trends: Kittery presents a stable market with modest price increases. This stability attracts both buyers looking for primary residences and investors seeking rental properties. The market is characterized by a balance in supply and demand, with occasional fluctuations due to seasonal tourism.
Ogunquit, ME:
Market Type: Buyer's Market
Median List Price: $1,150,000, down from $1,475,000 in 2024.
Median Days on Market: 48 days.
Trends: Ogunquit is currently a buyer's market, with home prices decreasing by 16% from last year. This downturn offers opportunities for buyers, particularly those interested in higher-end properties. The increased inventory gives buyers more options, although sellers may have to adjust pricing expectations.
Key Insights:
Overall Market: The Southern Seacoast region is witnessing varied dynamics, with York remaining competitive, Kittery stable, and Ogunquit experiencing price corrections favoring buyers.
Investment Opportunities: Potential investors might find appealing prospects in Ogunquit due to the current buyer's market conditions and reduced prices.
Forecast: As the summer season approaches, market activity is expected to rise, potentially impacting demand and price trends.
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