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Featured local agent — Gorham, ME
Sarah Mitchell
Compass Real Estate · Gorham, ME
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gorham, ME Housing Market & Real Estate
Housing market overview · Updated monthly ·
$600,000median sale price
How is the Gorham, ME housing market right now?
The median home sale price in Gorham, ME is $600,000, up 27.7% year-over-year. Homes sell in an average of 5 days with 17 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 Gorham a buyer's or seller's market?
Gorham, ME is currently a strong seller's market, based on 2.4 months of supply and homes selling in about 5 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
5
Fast-moving
Active listings
17
2.4 months supply
Sale-to-list
102.5%
Above asking
What does the Gorham housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $600,000 |
| Median list price | $649,000 |
| Year-over-year price change | +27.7% |
| Average days on market | 5 days |
| Active inventory | 17 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 102.5% |
| Median price per sq ft | $364/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 15 |
| Listings with a price cut | 17.6% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Gorham by property type?
How the Gorham, 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 | $622,500 | $389/sq ft | 6 | 5 days |
| Condo / Co-op | $527,500 | $349/sq ft | 1 | 24 days |
Source: Redfin · Updated monthly
The Gorham housing market is currently classified as a strong seller's market with a median sale price of $600,000. Prices have risen 27.7% compared to last year, with homes spending an average of 5 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.4x provides context for how home values compare to local earning capacity.
Homes for sale in Gorham
There are currently 17 homes listed for sale in Gorham, Maine. The median listing price is $649K.
Active listings
17
Homes on market
Median list price
$649K
Avg. days on market
5
Days until sale
New this week
15
Newly listed
Who lives in Gorham?
Population
7,365
Median income
$125,058/yr
Median age
38.2 years
Owner-occupied
79.3%
College grads
51.1%
Avg commute
32.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Gorham?
Zillow home value
$555,272
Zillow rent index
$2,150/mo
Price-to-rent ratio
21.5x
Price-to-income
4.4x
Source: Zillow Research
What is it like to live in Gorham?
Gorham is a community of approximately 7K residents with a median age of 38.2 years.The median household income is $125,058, which reflects a relatively affluent area with strong earning potential. 51.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 79.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Gorham offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gorham?
5 schools tracked · 2,849 students
The largest public schools serving Gorham, 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.
Gorham High School
Grades 9-12 · 813 students
Gorham Middle School
Grades 6-8 · 668 students
Great Falls Elementary School
Grades K-5 · 500 students
Narragansett Elementary School
Grades PK-5 · 440 students
Village Elementary School-Gorham
Grades K-5 · 428 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 Gorham, ME?
Want a head-to-head view? Compare Gorham side-by-side with any other U.S. city using our market-comparison tool.
Is Gorham a good real estate investment market?
For investors evaluating Gorham, the price-to-rent ratio of 21.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 27.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Gorham's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Gorham's median home price.
Frequently asked questions
What is the average home price in Gorham?
The median home sale price in Gorham is $600,000, up 27.7% from last year.
How long do homes stay on market in Gorham?
Homes typically spend 5 days on market before going under contract.
What is the median income in Gorham?
The median household income is $125,058 per year.
Is Gorham a buyer's or seller's market?
With 2.4 months of supply, Gorham is currently a strong seller's market.
What is the Zillow home value estimate for Gorham?
The Zillow Home Value Index (ZHVI) for Gorham is $555,272, representing the typical home value in the area.
What is the median condo price in Gorham?
The median condo/co-op sale price in Gorham, ME is $527,500, compared to $622,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Gorham?
The median single-family home price in Gorham, ME is $622,500 (about $389 per square foot).
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