$625,000
4 Jewett Rd
Cape Elizabeth, ME
2 bd1 ba1,286 sqft$486/ft²
House9,148 sqft lot
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Sarah Mitchell
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Compass Real Estate · Cape Elizabeth, ME
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Cape Elizabeth, ME(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
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Cape Elizabeth, ME Housing Market & Real Estate
Strong seller's market-0.1% YoY
Housing market overview · Updated monthly ·
$905,000median sale price
How is the Cape Elizabeth, ME housing market right now?
The median home sale price in Cape Elizabeth, ME is $905,000, down 0.1% year-over-year. Homes sell in an average of 42 days with 28 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cape Elizabeth a buyer's or seller's market?
Strong seller's market1.9 months of supply42 avg. days on market
Cape Elizabeth, ME is currently a strong seller's market, based on 1.9 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
15
Last 12 weeks
Days on market
42
Average pace
Active listings
28
1.9 months supply
Sale-to-list
100.8%
Above asking
What does the Cape Elizabeth housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $905,000 |
| Median list price | $1.20M |
| Year-over-year price change | -0.1% |
| Average days on market | 42 days |
| Active inventory | 28 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 100.8% |
| Median price per sq ft | $440/sq ft |
| Homes sold (latest month) | 15 |
| New listings (latest month) | 19 |
| Listings with a price cut | 14.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cape Elizabeth by property type?
How the Cape Elizabeth, ME market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $995,000 | $477/sq ft | 11 | 42 days |
| Condo / Co-op | $687,500 | $361/sq ft | 4 | 42 days |
Source: Redfin · Updated monthly
The Cape Elizabeth housing market is currently classified as a strong seller's market with a median sale price of $905,000. Prices have fallen 0.1% compared to last year, with homes spending an average of 42 days on market, indicating 1.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Cape Elizabeth
There are currently 28 homes listed for sale in Cape Elizabeth, Maine. The median listing price is $1.2M. Featured listings range from $625,000 to $4,000,000.
$750,000
52 Two Lights Rd
Cape Elizabeth, ME
2 bd2 ba1,437 sqft$522/ft²
House10,890 sqft lot
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$799,900
39 Wildwood Dr Unit 39
Cape Elizabeth, ME
3 bd4 ba2,077 sqft$385/ft²
Townhouse
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$995,000
20 Cottage Farms Rd
Cape Elizabeth, ME
4 bd3 ba1,722 sqft$578/ft²
House4,356 sqft lot
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$1,085,000
3 Headland Ln Unit 11
Cape Elizabeth, ME
2 bd2 ba1,814 sqft$598/ft²
Condo
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$1,100,000
6 Dipper Rd Unit 27
Cape Elizabeth, ME
2 bd3 ba2,640 sqft$417/ft²
Condo
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$1,250,000
10 Pheasant Hill Rd
Cape Elizabeth, ME
4 bd3 ba3,866 sqft$323/ft²
House20,909 sqft lot
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$1,350,000
24 Maxwell Woods Dr Unit 15
Cape Elizabeth, ME
3 bd3 ba2,996 sqft$451/ft²
Condo
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$1,995,000
1275 Sawyer Rd
Cape Elizabeth, ME
4 bd4 ba4,736 sqft$421/ft²
House3.50 acres
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$3,100,000
19 Salt Spray Ln
Cape Elizabeth, ME
4 bd3 ba4,748 sqft$653/ft²
House33,106 sqft lot
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$3,400,000
Shore Rd
Cape Elizabeth, ME
Land14.25 acres
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$4,000,000
10 Sunny Bank Rd
Cape Elizabeth, ME
3 bd3 ba3,624 sqft$1104/ft²
House1.10 acres
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Looking to buy in Cape Elizabeth?
Get connected with a local real estate expert — free, no obligation.
Active listings
28
Homes on market
Median list price
$1.2M
Avg. days on market
42
Days until sale
New this week
19
Newly listed
Price drops:14.3%of listings
Sale-to-list:100.8%
What are homes worth in Cape Elizabeth?
Zillow home value
$911,314
Zillow rent index
$2,908/mo
Price-to-rent ratio
26.1x
Source: Zillow Research
Which public schools serve Cape Elizabeth?
3 schools tracked · 1,525 students
The largest public schools serving Cape Elizabeth, 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.
Pond Cove Elementary
Grades PK-4 · 569 students
Cape Elizabeth High School
Grades 9-12 · 513 students
Cape Elizabeth Middle School
Grades 5-8 · 443 students
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 Cape Elizabeth, ME?
Want a head-to-head view? Compare Cape Elizabeth side-by-side with any other U.S. city using our market-comparison tool.
Is Cape Elizabeth a good real estate investment market?
For investors evaluating Cape Elizabeth, the price-to-rent ratio of 26.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Cape Elizabeth's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Cape Elizabeth's median home price.
Frequently asked questions
What is the average home price in Cape Elizabeth?
The median home sale price in Cape Elizabeth is $905,000, down 0.1% from last year.
How long do homes stay on market in Cape Elizabeth?
Homes typically spend 42 days on market before going under contract.
Is Cape Elizabeth a buyer's or seller's market?
With 1.9 months of supply, Cape Elizabeth is currently a strong seller's market.
How many homes are for sale in Cape Elizabeth?
There are currently 28 homes listed for sale in Cape Elizabeth, ME.
What is the Zillow home value estimate for Cape Elizabeth?
The Zillow Home Value Index (ZHVI) for Cape Elizabeth is $911,314, representing the typical home value in the area.
What is the median condo price in Cape Elizabeth?
The median condo/co-op sale price in Cape Elizabeth, ME is $687,500, compared to $995,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cape Elizabeth?
The median single-family home price in Cape Elizabeth, ME is $995,000 (about $477 per square foot).
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