Luxury Property Trends for Freeport, Cumberland and Coastal Maine
August 2025
What is the Current Luxury Real Estate Market Like in Freeport Maine?
As of August 2025 the market for homes priced above $1M in Freeport and nearby Casco Bay towns remains active. Inventory is rising 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 continues to outstrip the supply of move-in ready, luxury homes.
- Median sale price in Cumberland County: $595,000 (up 3.6% year-over-year) with coastal town Median of $725,000
- Median days on market: 8 days
- List-to-sale price ratio: Fell to 100.1%, reflecting a strengthening buyer position in some parts of the market
- Closed sales volume: up 10.8% year to date
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 median: $351 per sq. ft. (August 2025) with coastal communities commanding $391.92 per sq. ft. with an average of $410.04
- 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 636 homes in Cumberland County with new listings down 19.7%
- 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.
Maine Real Estate Trends
- Statewide median home price (August 2025): $407,000, up 4.6% year-over-year ( mainerealtors.com)
- 877 homes sold for $1M+ in Maine YTD, a 7.7% year-over-year increase during 2024
- 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.
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