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Sarah Mitchell

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Compass Real Estate · Bangor, ME

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Bangor, ME(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
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Bangor, ME Housing Market

Balanced market+1.6% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly

The typical home in Bangor, ME is worth $288,461, rose 1.6% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $322,000, +17.5% year over year (through May 2026). With 3.1 months of supply and homes going under contract in about 39 days, Bangor is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $288,461 home is about $1,540/mo in principal and interest.

Key numbers for Bangor, ME

Typical home value

$288,461

+1.6% in 12 months

Zillow, August 2026

Typical asking rent

$1,511/mo

Zillow Observed Rent Index

Zillow, August 2026

Median sale price

$322,000

+17.5% year over year

Redfin, through May 2026

Days on market

39

Average pace

Redfin, through May 2026

Active listings

94

3.1 months of supply

Redfin, through May 2026

30-yr fixed rate

7.03%

Freddie Mac weekly average

Freddie Mac via FRED, September 2026

Median household income

$58,096

Home costs 5.0x income

U.S. Census ACS, 2023

Sale-to-list ratio

97.9%

Selling below asking

Redfin, through May 2026

Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.

Is Bangor a buyer's or seller's market?

Balanced market3.1 months of supply39 days on market97.9% of asking

Bangor, ME is a balanced market, based on 3.1 months of supply and homes selling in about 39 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.

Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from

What does the Bangor housing market data show?

Every row below is Redfin's final published month for Bangor, ME. Redfin, through May 2026

Housing market statistics for Bangor, ME, Redfin through May 2026
MetricValue
Median sale price$322,000
Median list price$299,450
Year-over-year price change+17.5%
Median price per sq ft$189/sq ft
Median days on market39 days
Active inventory94 listings
Months of supply3.1 months
Sale-to-list price ratio97.9%
Homes sold (that month)30
New listings (that month)50
Listings with a price cut40.4%
Market conditionBalanced market

How to read these numbers

Median sale price
Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Bangor is frozen at May 2026.
Typical home value (ZHVI)
Zillow's estimate of what a mid-market home in Bangor is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
Months of supply
How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
Days on market
Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
Sale-to-list ratio
Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
Price per square foot
The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
Listings with a price cut
Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
Typical asking rent (ZORI)
Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.

How have Bangor home prices moved?

Over the last three years the median sale price in Bangor, ME rose 20.4%, from $267,500 to $322,000. The live Zillow value series has rose 1.6% in the last 12 months, which is the more current read now that Redfin's series has stopped. 40.4% of Bangor listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 3.1 months while the sale-to-list ratio slips below its current 97.9%. Watch those two together — they move before the median does.

Redfin, through May 2026 — the chart ends at Redfin's final published month.

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What does it cost to buy a home in Bangor?

Priced off the typical home value of $288,461 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.

Monthly principal and interest by down payment in Bangor, ME
Down paymentCash at closeLoan amountMonthly P&I
20%$57,692$230,768$1,540/mo
5%$14,423$274,038$1,829/mo

Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate

What income do you need?

Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,540, that implies roughly $65,998 a year before you add taxes and insurance. The median household in Bangor earns $58,096, about $7,902 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.0x — above the historical 3x norm but in line with much of the country in 2026.

Run it with your own numbers: affordability calculator · mortgage calculator

Buying in Bangor in the next 12 months?

Tell us your timeline. We send the Bangor market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.

No spam, no reselling your details. Market data on this site is informational and is not financial, investment, or real estate advice.

Is it cheaper to rent or buy in Bangor?

Typical asking rent in Bangor, ME is $1,511/mo, against a typical home value of $288,461. That is a price-to-rent ratio of 15.9x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,540 a month — $29 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.

Zillow, August 2026 for both value and rent

Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.

Is inventory rising or falling in Bangor?

Active listings in Bangor, ME went from 129 in May 2025 to 94 in May 2026, a -27.1% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.

Active listings by month in Bangor, ME
MonthActive listingsNew listings
June 202512345
July 202511744
August 202512648
September 202512838
October 202512032
November 202510525
December 20259423
January 20268324
February 20267726
March 20266726
April 20268248
May 20269450

Redfin, through May 2026

How does Bangor compare to Maine and the U.S.?

Bangor homes sell for $322,000 — 27% below the Maine median of $439,200. Against the national median of $410,700, Bangor runs 22% lower. Year-over-year, Bangor moved +17.5% against Maine's +3.0% — a bigger swing than the state as a whole.

Bangor, ME compared with Maine and the United States
MarketMedian sale priceYoYDays on market
Bangor, ME$322,000+17.5%39 days
Maine statewide$439,200+3.0%45 days
United States$410,700not publishednot published

City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)

What to do next in Bangor

What buyers should watch

  • Months of supply, currently 3.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
  • The share of listings cutting price, currently 40.4%. A listing that has already cut once is the one most likely to accept below asking.
  • The gap between 5% and 20% down here is $289 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
  • Rate moves. At 7.03%, every full point of rate change moves the payment on a $288,461 home more than a 5% price change does.
  • Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.

What sellers should know

  • The median Bangor listing goes under contract in 39 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
  • Homes here close at 97.9% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
  • In the last published month Bangor added 50 new listings against 30 sales — more competition arriving than clearing, so early timing matters.
  • Your equity moved +1.6% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
  • Comparable ZIP-level pricing inside Bangor varies more than the citywide median suggests — check the ZIP pages below before you set a number.

Homes for sale in Bangor

There are currently 94 homes listed for sale in Bangor, Maine. The median listing price is $299K. Featured listings range from $150,000 to $924,900.

2 bedroom house for sale at 24 Prentiss St Bangor 04401 - $150,000
New Listing
17
$150,000

24 Prentiss St

Bangor, ME 04401

2 bd1 ba900 sqft$167/ft²
House6,534 sqft lot

Jonathan Hyatt · EXP Realty

View photos & details
3 bedroom mobile home for sale at 19 N St Bangor 04401 - $189,000
New Listing
43
$189,000

19 N St

Bangor, ME 04401

3 bd2 ba1,568 sqft$121/ft²
Mobile home

Donna Coglitore · Keller Williams Realty

View photos & details
2 bedroom house for sale at 15 Lane St Bangor 04401 - $219,900
New Listing
23
$219,900

15 Lane St

Bangor, ME 04401

2 bd1 ba1,216 sqft$181/ft²
House8,712 sqft lot

Michelle Foss · NextHome Experience

View photos & details
3 bedroom house for sale at 1763 Union St Bangor 04401 - $285,000
New Listing
$285,000

1763 Union St

Bangor, ME 04401

3 bd2 ba2,000 sqft$143/ft²
House20,038 sqft lot

Donna Coglitore · Keller Williams Realty

View photos & details
land for sale at Map 1 L2 Union St Bangor 04401 - $298,500
New Listing
19
$298,500

Map 1 L2 Union St

Bangor, ME 04401

Land23.00 acres

Michael Cole · Keller Williams Realty

View photos & details
2 bedroom house for sale at 22 Lane St Bangor 04401 - $299,000
New Listing
10
$299,000

22 Lane St

Bangor, ME 04401

2 bd1 ba768 sqft$389/ft²
House6,098 sqft lot

Torrey Mcdonald · Realty of Maine

View photos & details
3 bedroom house for sale at 130 7th St Bangor 04401 - $299,900
New Listing
24
$299,900

130 7th St

Bangor, ME 04401

3 bd1 ba1,440 sqft$208/ft²
House10,454 sqft lot

Patricia Quirk · ERA Dawson-Bradford Co.

View photos & details
4 bedroom house for sale at 126 Grove St Bangor 04401 - $349,500
New Listing
27
$349,500

126 Grove St

Bangor, ME 04401

4 bd2 ba2,612 sqft$134/ft²
House5,663 sqft lot

Earl Black · Better Homes & Gardens Real Estate/The Masiello Group

View photos & details
3 bedroom house for sale at 123 Fifteenth St Bangor 04401 - $387,000
New Listing
74
$387,000

123 Fifteenth St

Bangor, ME 04401

3 bd3 ba2,650 sqft$146/ft²
House13,939 sqft lot

Carol Brooks · ERA Dawson-Bradford Co.

View photos & details
4 bedroom house for sale at 47 Fairways Bangor 04401 - $585,000
New Listing
26
$585,000

47 Fairways

Bangor, ME 04401

4 bd3 ba2,502 sqft$234/ft²
House14,375 sqft lot

Stephanie Henry · NextHome Experience

View photos & details
4 bedroom house for sale at 50 Rolling Meadow Dr Bangor 04401 - $610,000
New Build
35
$610,000

50 Rolling Meadow Dr

Bangor, ME 04401

4 bd3 ba2,480 sqft$246/ft²
House15,246 sqft lot

Patricia Quirk · ERA Dawson-Bradford Co.

View photos & details
6 bedroom house for sale at 43 Darling Parke Dr Bangor 04401 - $924,900
110
$924,900

43 Darling Parke Dr

Bangor, ME 04401

6 bd4 ba4,258 sqft$217/ft²
House40,511 sqft lot

Kortnie Mullins · Realty of Maine

View photos & details

Looking to buy in Bangor?

Get connected with a local real estate expert — free, no obligation.

Active listings

94

Homes on market

Median list price

$299K

Avg. days on market

39

Days until sale

New this week

50

Newly listed

Price drops:40.4%of listings
Sale-to-list:97.9%

How much do homes cost in Bangor by property type?

How the Bangor, ME market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026

Median price, price per square foot, homes sold and days on market by property type in Bangor, ME
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$329,000$203/sq ft1733 days
Condo / co-op$234,250$199/sq ft4101 days
Townhouse$252,000$208/sq ft216 days

Who lives in Bangor?

American Community Survey estimates for Bangor. U.S. Census ACS, 2023

Population

31,663

Households

13,967

Median income

$58,096/yr

Median age

40.7 years

Owner-occupied

46.9%

Median home value

$206,300

Median gross rent

$1,019/mo

Mean commute

17 min

46.9% of occupied homes in Bangor are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $206,300 against Zillow's $288,461 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,019/mo, below Zillow's $1,511/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.

Which public schools serve Bangor?

11 schools tracked · 3,434 students

The largest public schools serving Bangor, ME by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

Bangor High School

Grades 9-12 · 1,074 students

Public

William S. Cohen School

Grades 6-8 · 364 students

Public

James F. Doughty School

Grades 6-8 · 358 students

Public

Fruit Street School

Grades PK-3 · 322 students

Public

Downeast School

Grades PK-3 · 311 students

Public

Fairmount School

Grades 4-5 · 257 students

Public

Mary Snow School

Grades 4-5 · 243 students

Public

Abraham Lincoln School

Grades PK-3 · 176 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Which cities are near Bangor, ME?

Ordered by distance from Bangor, not by size. Compare Bangor side by side with any of them.

Which ZIP codes are in Bangor?

These are the ZIP codes we see on active Bangor listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.

Bangor housing market FAQ

Is Bangor a buyer's or seller's market?

Bangor, ME is currently a balanced market. That read comes from 3.1 months of supply, homes going under contract in about 39 days, and sellers getting 97.9% of their asking price in the last month Redfin published (May 2026).

How much do homes cost in Bangor?

The typical home in Bangor, ME is worth $288,461 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $322,000, about $189 per square foot.

Is Bangor cheaper than the rest of Maine?

Bangor's median sale price of $322,000 is 27% lower than the Maine statewide median of $439,200, and 22% below the U.S. median of $410,700. Both figures are for the same period.

How long do homes take to sell in Bangor?

Homes in Bangor, ME spent a median of 39 days on market before going under contract, versus 45 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)

What income do you need to buy a home in Bangor?

At the current 30-year fixed rate of 7.03%, 20% down on a $288,461 home is about $1,540 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $65,998 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $58,096.

Are home prices rising in Bangor?

The typical home value in Bangor, ME rose 1.6% over the last 12 months, from $283,779 to $288,461 (Zillow, August 2026). This is the live series — it refreshes monthly.

What are the cheapest ZIP codes in Bangor?

Bangor ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.

Is now a good time to buy in Bangor?

That depends on your timeline, not on a headline. What the data says today: Bangor, ME is a balanced market with 3.1 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 15.9x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.

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No spam, no reselling your details. Market data on this site is informational and is not financial, investment, or real estate advice.