Casco Bay Market Report | July 2025

What is the Current Luxury Real Estate Market Like in Freeport Maine?

As of July 2025 the market for homes priced above $1M in Freeport and nearby Casco Bay towns remains active. Inventory is rising slightly but competition is strong for well-prepared homes with premium amenities and coastal access.

Market Overview

Luxury home sales remain brisk in Freeport, Yarmouth, Falmouth and Brunswick

Waterfront estates, historic village homes and lifestyle properties near Portland continue to attract qualified buyers. Inventory has increased but demand for move-in ready luxury listings remains solid.

• Median sale price in Cumberland County: $625,000 (up 6.8% year-over-year) (townandshore.com)
• Average days on market: 6 days for all listings
• List-to-sale price ratio: 102.3% on average, reflecting strong buyer competition
• Closed sales volume: up 22.9% month-over-month

These conditions continue to favor sellers, particularly those in Freeport, Falmouth Foreside and other Casco Bay communities.

Price Per Square Foot

Luxury homes in coastal Maine continue to command a premium

• Cumberland County average: $348 per sq. ft. (June 2025)
• Luxury properties in Freeport, Falmouth, Cape Elizabeth and Peaks Island regularly exceed $650 per sq. ft. (townandshore.com)

Who is Buying in Casco Bay?

Out-of-state cash buyers drive much of the market

• Nearly 40–50% of $1M+ transactions in Cumberland County close with cash (credaily.com)
• 31% of Maine’s buyers are from out-of-state, often relocating from Boston, New York or internationally (bangordailynews.com)
• Most requested features: water views, moorings, privacy and proximity to Portland

Inventory and Competition

Well-marketed homes in Freeport and surrounding areas continue to sell fast

• Active inventory: approximately 675 homes in Cumberland County
• Months of supply: still under 2, favoring sellers
• Luxury listings marketed with professional media and full exposure are generating multiple offers

At Balsam Realty we avoid limiting your home’s visibility to in-house buyers. Broad marketing brings stronger offers with fewer concessions.

Broader Maine Real Estate Trends

• Statewide median home price (May 2025): $425,000, up 6.5% year-over-year (mainerealtors.com)
• Over 1,100 homes sold for $1M+ in Maine during 2024 (pressherald.com)
• New construction up 8% in Portland metro, but remains limited in legacy coastal towns

Thinking of Selling a Luxury Home in Freeport, Yarmouth or Along Casco Bay?

We offer a custom market analysis designed for confident pricing and a smooth sale.

📞 Call (207) 865‑0123

📧 Email homework@balsamrealty.com

📍 Balsam Realty | Freeport’s Local Boutique Brokerage

Ready to take the next step? Learn more about Our Selling Process or explore 5 Tips for Preparing Your Luxury Home to Sell for additional guidance