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Featured local agent — Old Town, ME
Sarah Mitchell
Compass Real Estate · Old Town, ME
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Old Town, ME Housing Market & Real Estate
Housing market overview · Updated monthly ·
$295,000median sale price
How is the Old Town, ME housing market right now?
The median home sale price in Old Town, ME is $295,000, up 9.3% year-over-year. Homes sell in an average of 21 days with 24 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 Old Town a buyer's or seller's market?
Old Town, ME is currently a balanced market, based on 4.8 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
21
Average pace
Active listings
24
4.8 months supply
Sale-to-list
99.1%
Below asking
What does the Old Town housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $295,000 |
| Median list price | $344,500 |
| Year-over-year price change | +9.3% |
| Average days on market | 21 days |
| Active inventory | 24 listings |
| Months of supply | 4.8 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $195/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 14 |
| Listings with a price cut | 16.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Old Town by property type?
How the Old Town, 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 | $295,000 | $195/sq ft | 5 | 21 days |
| Condo / Co-op | $196,500 | $135/sq ft | 1 | 182 days |
Source: Redfin · Updated monthly
The Old Town housing market is currently classified as a balanced market with a median sale price of $295,000. Prices have risen 9.3% compared to last year, with homes spending an average of 21 days on market, indicating 4.8 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 5.3x provides context for how home values compare to local earning capacity.
Homes for sale in Old Town
There are currently 24 homes listed for sale in Old Town, Maine. The median listing price is $345K.
Active listings
24
Homes on market
Median list price
$345K
Avg. days on market
21
Days until sale
New this week
14
Newly listed
Who lives in Old Town?
Population
7,439
Median income
$49,329/yr
Median age
37.5 years
Owner-occupied
58.5%
College grads
38.3%
Avg commute
19 min
Source: U.S. Census Bureau ACS
What are homes worth in Old Town?
Zillow home value
$260,918
Zillow rent index
$1,801/mo
Price-to-rent ratio
12.1x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Old Town?
Old Town is a community of approximately 7K residents with a median age of 37.5 years.The median household income is $49,329, which represents a working-class community with solid middle-income opportunities. 38.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 58.5%, showing a blend of owner and renter-occupied properties. The average commute time is 19 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Old Town offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Old Town?
3 schools tracked · 1,306 students
The largest public schools serving Old Town, 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.
Old Town High School
Grades 9-12 · 546 students
Old Town Elementary School
Grades PK-5 · 476 students
Leonard Middle School
Grades 6-8 · 284 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 Old Town, ME?
Want a head-to-head view? Compare Old Town side-by-side with any other U.S. city using our market-comparison tool.
Is Old Town a good real estate investment market?
For investors evaluating Old Town, the price-to-rent ratio of 12.1x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 9.3% 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 Old Town's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Old Town's median home price.
Frequently asked questions
What is the average home price in Old Town?
The median home sale price in Old Town is $295,000, up 9.3% from last year.
How long do homes stay on market in Old Town?
Homes typically spend 21 days on market before going under contract.
What is the median income in Old Town?
The median household income is $49,329 per year.
Is Old Town a buyer's or seller's market?
With 4.8 months of supply, Old Town is currently a balanced market.
What is the Zillow home value estimate for Old Town?
The Zillow Home Value Index (ZHVI) for Old Town is $260,918, representing the typical home value in the area.
What is the median condo price in Old Town?
The median condo/co-op sale price in Old Town, ME is $196,500, compared to $295,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Old Town?
The median single-family home price in Old Town, ME is $295,000 (about $195 per square foot).
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