$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
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Cape Elizabeth, ME(512) 555-0184TX License #0512847
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Cape Elizabeth, ME Housing Market
Strong seller's market+1.1% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Cape Elizabeth, ME is worth $891,700, rose 1.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $905,000, -0.1% year over year (through May 2026). With 1.9 months of supply and homes going under contract in about 42 days, Cape Elizabeth is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $891,700 home is about $4,760/mo in principal and interest.
Key numbers for Cape Elizabeth, ME
Typical home value
$891,700
+1.1% in 12 months
Zillow, August 2026
Typical asking rent
$3,217/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$905,000
-0.1% year over year
Redfin, through May 2026
Days on market
42
Average pace
Redfin, through May 2026
Active listings
28
1.9 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
100.8%
Selling above 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 Cape Elizabeth a buyer's or seller's market?
Strong seller's market1.9 months of supply42 days on market100.8% of asking
Cape Elizabeth, ME is a strong seller's market, based on 1.9 months of supply and homes selling in about 42 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Cape Elizabeth housing market data show?
Every row below is Redfin's final published month for Cape Elizabeth, ME. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $905,000 |
| Median list price | $1.20M |
| Year-over-year price change | -0.1% |
| Median price per sq ft | $440/sq ft |
| Median days on market | 42 days |
| Active inventory | 28 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 100.8% |
| Homes sold (that month) | 15 |
| New listings (that month) | 19 |
| Listings with a price cut | 14.3% |
| Market condition | Strong seller's 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 Cape Elizabeth is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Cape Elizabeth 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 Cape Elizabeth home prices moved?
Over the last three years the median sale price in Cape Elizabeth, ME rose 17.8%, from $768,050 to $905,000. The live Zillow value series has rose 1.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 14.3% of Cape Elizabeth listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 1.9 months while the sale-to-list ratio slips below its current 100.8%. 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 Cape Elizabeth?
Priced off the typical home value of $891,700 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.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $178,340 | $713,360 | $4,760/mo |
| 5% | $44,585 | $847,115 | $5,653/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 $4,760, that implies roughly $204,016 a year before you add taxes and insurance. We do not hold a Census income figure for Cape Elizabeth, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Cape Elizabeth in the next 12 months?
Tell us your timeline. We send the Cape Elizabeth market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Cape Elizabeth?
Typical asking rent in Cape Elizabeth, ME is $3,217/mo, against a typical home value of $891,700. That is a price-to-rent ratio of 23.1x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $4,760 a month — $1,544 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 Cape Elizabeth?
Active listings in Cape Elizabeth, ME went from 37 in May 2025 to 28 in May 2026, a -24.3% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 36 | 18 |
| July 2025 | 37 | 16 |
| August 2025 | 32 | 16 |
| September 2025 | 26 | 16 |
| October 2025 | 21 | 11 |
| November 2025 | 27 | 12 |
| December 2025 | 25 | 7 |
| January 2026 | 19 | 4 |
| February 2026 | 18 | 5 |
| March 2026 | 21 | 12 |
| April 2026 | 25 | 19 |
| May 2026 | 28 | 19 |
Redfin, through May 2026
How does Cape Elizabeth compare to Maine and the U.S.?
Cape Elizabeth homes sell for $905,000 — 106% above the Maine median of $439,200. Against the national median of $410,700, Cape Elizabeth runs 120% higher. Year-over-year, Cape Elizabeth moved -0.1% against Maine's +3.0% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Cape Elizabeth, ME | $905,000 | -0.1% | 42 days |
| Maine statewide | $439,200 | +3.0% | 45 days |
| United States | $410,700 | not published | not 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 Cape Elizabeth
What buyers should watch
- Months of supply, currently 1.9. 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 14.3%. 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 $893 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 $891,700 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 Cape Elizabeth listing goes under contract in 42 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 100.8% of asking. Price at the number you want and let competition do the rest.
- In the last published month Cape Elizabeth added 19 new listings against 15 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +1.1% 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 Cape Elizabeth varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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
View photos & details
$799,900
39 Wildwood Dr Unit 39
Cape Elizabeth, ME
3 bd4 ba2,077 sqft$385/ft²
Townhouse
View photos & details
$995,000
20 Cottage Farms Rd
Cape Elizabeth, ME
4 bd3 ba1,722 sqft$578/ft²
House4,356 sqft lot
View photos & details
$1,085,000
3 Headland Ln Unit 11
Cape Elizabeth, ME
2 bd2 ba1,814 sqft$598/ft²
Condo
View photos & details
$1,100,000
6 Dipper Rd Unit 27
Cape Elizabeth, ME
2 bd3 ba2,640 sqft$417/ft²
Condo
View photos & details
$1,250,000
10 Pheasant Hill Rd
Cape Elizabeth, ME
4 bd3 ba3,866 sqft$323/ft²
House20,909 sqft lot
View photos & details
$1,350,000
24 Maxwell Woods Dr Unit 15
Cape Elizabeth, ME
3 bd3 ba2,996 sqft$451/ft²
Condo
View photos & details
$1,995,000
1275 Sawyer Rd
Cape Elizabeth, ME
4 bd4 ba4,736 sqft$421/ft²
House3.50 acres
View photos & details
$3,100,000
19 Salt Spray Ln
Cape Elizabeth, ME
4 bd3 ba4,748 sqft$653/ft²
House33,106 sqft lot
View photos & details
$3,400,000
Shore Rd
Cape Elizabeth, ME
Land14.25 acres
View photos & details
$4,000,000
10 Sunny Bank Rd
Cape Elizabeth, ME
3 bd3 ba3,624 sqft$1104/ft²
House1.10 acres
View photos & details
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%
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. Redfin, through May 2026
| 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 |
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?
Ordered by distance from Cape Elizabeth, not by size. Compare Cape Elizabeth side by side with any of them.
Cape Elizabeth housing market FAQ
Is Cape Elizabeth a buyer's or seller's market?
Cape Elizabeth, ME is currently a strong seller's market. That read comes from 1.9 months of supply, homes going under contract in about 42 days, and sellers getting 100.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Cape Elizabeth?
The typical home in Cape Elizabeth, ME is worth $891,700 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $905,000, about $440 per square foot.
Is Cape Elizabeth cheaper than the rest of Maine?
Cape Elizabeth's median sale price of $905,000 is 106% higher than the Maine statewide median of $439,200, and 120% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Cape Elizabeth?
Homes in Cape Elizabeth, ME spent a median of 42 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 Cape Elizabeth?
At the current 30-year fixed rate of 7.03%, 20% down on a $891,700 home is about $4,760 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $204,016 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Cape Elizabeth?
The typical home value in Cape Elizabeth, ME rose 1.1% over the last 12 months, from $881,798 to $891,700 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Cape Elizabeth?
Cape Elizabeth 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 Cape Elizabeth?
That depends on your timeline, not on a headline. What the data says today: Cape Elizabeth, ME is a strong seller's market with 1.9 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 23.1x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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