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Featured local agent — Waterville, ME
Sarah Mitchell
Compass Real Estate · Waterville, ME
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Waterville, ME Housing Market & Real Estate
Housing market overview · Updated monthly ·
$270,000median sale price
How is the Waterville, ME housing market right now?
The median home sale price in Waterville, ME is $270,000, up 8.4% year-over-year. Homes sell in an average of 50 days with 44 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 Waterville a buyer's or seller's market?
Waterville, ME is currently a seller's market, based on 2.6 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
17
Last 12 weeks
Days on market
50
Average pace
Active listings
44
2.6 months supply
Sale-to-list
99.5%
Below asking
What does the Waterville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $270,000 |
| Median list price | $307,450 |
| Year-over-year price change | +8.4% |
| Average days on market | 50 days |
| Active inventory | 44 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $176/sq ft |
| Homes sold (latest month) | 17 |
| New listings (latest month) | 18 |
| Listings with a price cut | 31.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Waterville by property type?
How the Waterville, 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 | $272,500 | $192/sq ft | 12 | 57 days |
| Condo / Co-op | $164,900 | $176/sq ft | 1 | 18 days |
Source: Redfin · Updated monthly
The Waterville housing market is currently classified as a seller's market with a median sale price of $270,000. Prices have risen 8.4% compared to last year, with homes spending an average of 50 days on market, indicating 2.6 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 Waterville
There are currently 44 homes listed for sale in Waterville, Maine. The median listing price is $307K.
Active listings
44
Homes on market
Median list price
$307K
Avg. days on market
50
Days until sale
New this week
18
Newly listed
Who lives in Waterville?
Population
16,704
Median income
$47,489/yr
Median age
34.5 years
Owner-occupied
45.8%
College grads
32.2%
Avg commute
16.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Waterville?
Zillow home value
$253,357
Zillow rent index
$1,295/mo
Price-to-rent ratio
16.3x
Price-to-income
5.3x
Source: Zillow Research
What is it like to live in Waterville?
Waterville is a community of approximately 17K residents with a median age of 34.5 years.The median household income is $47,489, which represents a working-class community with solid middle-income opportunities. 32.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 45.8%, showing a blend of owner and renter-occupied properties. The average commute time is 16.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Waterville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Waterville?
5 schools tracked · 1,618 students
The largest public schools serving Waterville, 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.
George J Mitchell School
Grades PK-3 · 545 students
Waterville Senior High School
Grades 9-12 · 502 students
Waterville Junior High School
Grades 6-8 · 333 students
Albert S Hall School
Grades 4-5 · 238 students
Mid-Maine Technical Center
Grade range n/a
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 Waterville, ME?
Want a head-to-head view? Compare Waterville side-by-side with any other U.S. city using our market-comparison tool.
Is Waterville a good real estate investment market?
For investors evaluating Waterville, the price-to-rent ratio of 16.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 8.4% 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 Waterville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Waterville's median home price.
Frequently asked questions
What is the average home price in Waterville?
The median home sale price in Waterville is $270,000, up 8.4% from last year.
How long do homes stay on market in Waterville?
Homes typically spend 50 days on market before going under contract.
What is the median income in Waterville?
The median household income is $47,489 per year.
Is Waterville a buyer's or seller's market?
With 2.6 months of supply, Waterville is currently a seller's market.
What is the Zillow home value estimate for Waterville?
The Zillow Home Value Index (ZHVI) for Waterville is $253,357, representing the typical home value in the area.
What is the median condo price in Waterville?
The median condo/co-op sale price in Waterville, ME is $164,900, compared to $272,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Waterville?
The median single-family home price in Waterville, ME is $272,500 (about $192 per square foot).
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