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Featured local agent — Lake Arrowhead, ME
Sarah Mitchell
Compass Real Estate · Lake Arrowhead, ME
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Arrowhead, ME Housing Market & Real Estate
Housing market overview · Updated monthly ·
$382,500median sale price
How is the Lake Arrowhead, ME housing market right now?
The median home sale price in Lake Arrowhead, ME is $382,500, down 4.0% year-over-year. Homes sell in an average of 40 days with 19 active listings. The market is currently a 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 Lake Arrowhead a buyer's or seller's market?
Lake Arrowhead, ME is currently a seller's market, based on 2.1 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
40
Average pace
Active listings
19
2.1 months supply
Sale-to-list
99.4%
Below asking
What does the Lake Arrowhead housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $382,500 |
| Median list price | $399,900 |
| Year-over-year price change | -4.0% |
| Average days on market | 40 days |
| Active inventory | 19 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $268/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 13 |
| Listings with a price cut | 31.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Arrowhead by property type?
How the Lake Arrowhead, 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 | $382,500 | $268/sq ft | 9 | 40 days |
Source: Redfin · Updated monthly
The Lake Arrowhead housing market is currently classified as a seller's market with a median sale price of $382,500. Prices have fallen 4.0% compared to last year, with homes spending an average of 40 days on market, indicating 2.1 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 Lake Arrowhead
There are currently 19 homes listed for sale in Lake Arrowhead, Maine. The median listing price is $400K.
Active listings
19
Homes on market
Median list price
$400K
Avg. days on market
40
Days until sale
New this week
13
Newly listed
Who lives in Lake Arrowhead?
Population
3,273
Median income
$84,221/yr
Median age
31 years
Owner-occupied
95.1%
College grads
20.6%
Avg commute
38.3 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Arrowhead?
Lake Arrowhead is a community of approximately 3K residents with a median age of 31 years.The median household income is $84,221, which reflects a relatively affluent area with strong earning potential. 20.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 95.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 38.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake Arrowhead offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Arrowhead, ME?
Want a head-to-head view? Compare Lake Arrowhead side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Arrowhead?
The median home sale price in Lake Arrowhead is $382,500, down 4.0% from last year.
How long do homes stay on market in Lake Arrowhead?
Homes typically spend 40 days on market before going under contract.
What is the median income in Lake Arrowhead?
The median household income is $84,221 per year.
Is Lake Arrowhead a buyer's or seller's market?
With 2.1 months of supply, Lake Arrowhead is currently a seller's market.
How much does a single-family home cost in Lake Arrowhead?
The median single-family home price in Lake Arrowhead, ME is $382,500 (about $268 per square foot).
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