Mechanic Falls, ME Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Mechanic Falls, ME is $430,000, up 79.2% year-over-year. Homes sell in an average of 48 days with 7 active listings. The market is currently a leaning buyer's.
$430,000median sale price
Is Mechanic Falls a buyer's or seller's market?
Mechanic Falls, ME is currently a leaning buyer's, based on 7.0 months of supply and homes selling in about 48 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
48
Average pace
Active listings
7
7.0 months supply
Sale-to-list
96.2%
Below asking
Mechanic Falls, ME market data
| Metric | Value |
|---|---|
| Median sale price | $430,000 |
| Median list price | $394,950 |
| Year-over-year price change | +79.2% |
| Average days on market | 48 days |
| Active inventory | 7 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 96.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Mechanic Falls housing market is currently classified as a leaning buyer's with a median sale price of $430,000. Prices have risen 79.2% compared to last year, with homes spending an average of 48 days on market, indicating 7.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Mechanic Falls
There are currently 7 homes listed for sale in Mechanic Falls, Maine. The median listing price is $395K.
Active listings
7
Homes on market
Median list price
$395K
Avg. days on market
48
Days until sale
New this week
2
Newly listed
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Frequently asked questions
What is the average home price in Mechanic Falls?
The median home sale price in Mechanic Falls is $430,000, up 79.2% from last year.
How long do homes stay on market in Mechanic Falls?
Homes typically spend 48 days on market before going under contract.
Is Mechanic Falls a buyer's or seller's market?
With 7.0 months of supply, Mechanic Falls is currently a leaning buyer's.
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