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Featured local agent — Hallowell, ME
Sarah Mitchell
Compass Real Estate · Hallowell, ME
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hallowell, ME Housing Market & Real Estate
Housing market overview · Updated monthly ·
$596,821median sale price
How is the Hallowell, ME housing market right now?
The median home sale price in Hallowell, ME is $596,821, up 98.9% year-over-year. Homes sell in an average of 123 days with 16 active listings. The market is currently a balanced 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 Hallowell a buyer's or seller's market?
Hallowell, ME is currently a balanced market, based on 5.3 months of supply and homes selling in about 123 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
123
Average pace
Active listings
16
5.3 months supply
Sale-to-list
108.7%
Above asking
What does the Hallowell housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $596,821 |
| Median list price | $425,000 |
| Year-over-year price change | +98.9% |
| Average days on market | 123 days |
| Active inventory | 16 listings |
| Months of supply | 5.3 months |
| Sale-to-list price ratio | 108.7% |
| Median price per sq ft | $401/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 5 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Hallowell by property type?
How the Hallowell, 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 | $445,000 | $147/sq ft | 1 | 267 days |
| Condo / Co-op | $662,961 | $429/sq ft | 2 | 107 days |
Source: Redfin · Updated monthly
The Hallowell housing market is currently classified as a balanced market with a median sale price of $596,821. Prices have risen 98.9% compared to last year, with homes spending an average of 123 days on market, indicating 5.3 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 6.6x provides context for how home values compare to local earning capacity.
Homes for sale in Hallowell
There are currently 16 homes listed for sale in Hallowell, Maine. The median listing price is $425K.
Active listings
16
Homes on market
Median list price
$425K
Avg. days on market
123
Days until sale
New this week
5
Newly listed
Who lives in Hallowell?
Population
2,570
Median income
$58,811/yr
Median age
49.8 years
Owner-occupied
57.3%
College grads
46.4%
Avg commute
14.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Hallowell?
Zillow home value
$387,797
Price-to-income
6.6x
Source: Zillow Research
What is it like to live in Hallowell?
Hallowell is a community of approximately 3K residents with a median age of 49.8 years.The median household income is $58,811, which represents a working-class community with solid middle-income opportunities. 46.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 57.3%, showing a blend of owner and renter-occupied properties. The average commute time is 14.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hallowell offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hallowell?
1 schools tracked · 309 students
The largest public schools serving Hallowell, 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.
Hall-Dale Elementary Sch
Grades PK-5 · 309 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 Hallowell, ME?
Want a head-to-head view? Compare Hallowell side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Hallowell?
The median home sale price in Hallowell is $596,821, up 98.9% from last year.
How long do homes stay on market in Hallowell?
Homes typically spend 123 days on market before going under contract.
What is the median income in Hallowell?
The median household income is $58,811 per year.
Is Hallowell a buyer's or seller's market?
With 5.3 months of supply, Hallowell is currently a balanced market.
What is the Zillow home value estimate for Hallowell?
The Zillow Home Value Index (ZHVI) for Hallowell is $387,797, representing the typical home value in the area.
What is the median condo price in Hallowell?
The median condo/co-op sale price in Hallowell, ME is $662,961, compared to $445,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hallowell?
The median single-family home price in Hallowell, ME is $445,000 (about $147 per square foot).
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