Cape Elizabeth Maine Real Estate | Home and Condo Sales
Maine Home Connection
Home Home About Us About Us Contact Us Contact Us
Buyers Sellers Stats Maine Blog Properties
Explore Communities
Search All Properties
Weekly Open House
Local Lifestyle Videos
Your Home's Value
Waterfront Real Estate
Relocation Services
Featured Listings
Home Finance & Mortgage
Retirement in Maine
Real Estate Investing
Featured Properties
Enter a keyword to search the site

Features & Services
Your Home's Value
My Home's Value:
Receive a Report of  Your Home's Value 
New ConstructionGreen Homes: 
Guidelines, Builders, Green Homes
Your Homes ValueMarket Insights:
Current Home Sales Reports & Statistics 
Sold PropertiesSold Data:
View All Recent Home Sales History
Left-MarketingHome Marketing:
Maximum Exposure© Home Marketing 
...Manage Your Account
Existing Users:
Login with your email address only
Existing UsersNew Users: 
Simple signup to view   all Maine properties.
Contact Us
Contact Us:  
Call or email us with your questions.
Newsletter Signup

Cape Elizabeth Maine Market Report

Home Sales Statistics & Results -  2019 & 2018 Update

Cape Elizabeth continues to be one of the most desirable communities in the greater Portland area, and home prices reflect that, as they are among the highest in the region. However, for the first time in three years, prices decreased. This year prices dropped 2.3% to a median of $535,000.

Yet demand to live in Cape Elizabeth is strong and can be seen based on the continued low number of DOM (days on market). 2018 set a new record median of just 12 days before homes went under contract, and 2019 continued that pattern.

The charts below include up-to-date 2020 monthly sales and a review of the complete years 2018 and 2017 for all types of properties. 


2020 Sales: YTD Results Through October

  Median Prices YTD
2020      |       2019
  Unit Sales YTD
2020  |  2019
  % of
List Price
 Homes   $630,000 $537,000   129 125   96.94%   6
 Condos   $395,000 $317,500   37 34   102.6%   15
All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS). 


2019 Cape Elizabeth Real Estate Sales & Prices

  # of
  Sold Price
Median     |     Average
  Days on Mkt
Med  |  Avg
  % of
  $/Sq Foot
 Homes   149   $535,000 $660,264   12 29   100   $222
 Condos   39
  $325,000 $388,524   14 63   100   $217
 Multi   1   $659.000 $659,000   9 9   104.6   $157
 Land   13
  $395,0000 $631,300   15 49   94.9   NA

The Cape offers many opportunities to live along the water, with either a direct view of the oceanfront or within a short walk. Home prices reflect this amenity each year. In 2018 there were 17 sales in excess of $1,000,000.  

These sales have a significant impact on the yearly mix and resulting median price.


2018 Cape Elizabeth Real Estate Sales & Prices

  # of
  Sold Price
Median     |     Average
  Days on Mkt
Med  |  Avg
  % of
  $/Sq Foot
 Homes   134   $547,750 $710,845   13 38   98.8   $254
 Condos   40   $331,000 $357,323   19 83   100.3
 Multi   2   $720,000 $720,000   -- --   93.2   --
 Land   5   $235,000 $373,000   55 112   85.4   NA

Statewide Results:

For the fourth consecutive year, Maine home sales set a new record in 2018 as 17,983 single family homes were sold, representing an increase of 1.0% over 2017 when total volume was 17,810

The YTD (Year-to-Date) median single-family price of $215,000 represented a 7.5% increase over 2017.  Overall, pricing was up in 13 of Maine’s 16 counties, and remained consistent in two. The highest single month was May at $244,839, followed by April and then March.

Each month of 2018 was higher than 2017. Between 2007 and 2011 median prices declined each year, reaching their lowest level in 2011 at $165,000.  From 2012 onward, pricing has increased ever year, with one exception - 2014.

Cape Elizabeth Sales History
Year Units Price
2019 149 $535,000
2018 134 $547,750
2017 159 $496,750
2016 147 $462,500
2015 171 $400,000
2014 150 $425,000 
2013 128 $438,000 
2012 136 $354,863
2011 115 $382,500
2010 121 $385,000
2009 102 $287,167
2008 194 $358,000
2007 132 $375,000
2006 123 $375,000
2005 129 $400,000

Active vs Pending Listings

Cape Elizabeth Listings

Months of Inventory

Cape Elizabeth Inventory

2019 Report
Download Market Repot

Download 2019 Market Report



Buying Your Home Heart and Mind Buyer Agency
Exclusive Services Agency Relationships Title Insurance
Home Buying Process Advice and Strategy
Affect of the Economy Determining A Price First Time Buyers Viewing Homes Second Homes Home Search Strategy Waterfront Real Estate
Common Forms
Selling Your Home Your Home's Value Home Marketing
Digital Photography High Definition Video Property Storyboard Virtual Staging Internet Marketing
Pricing Factors Advice and Strategy
Counteroffers Establishing a Price Listing Agreements Feng Shui Principles Considering Repairs Value of Improvement Choosing A Realtor Common Mistakes
Home Selling Process
Maine Maine History Maine Geography Maine Economy Maine Demographics Maine Education Maine Climate Maine Beaches
Maine Real Estate Blog
Search for Properties Virtual Home Buying Hyper Local Search
Maine Communities Portland South Portland Scarborough Falmouth Cape Elizabeth Cumberland Yarmouth Old Orchard Beach Freeport Harpswell
Search For Homes Maine Map Search Detailed Property Search Search By Address Search By MLS Number
Open House
Local Lifestyle Videos
Home Valuation
Waterfront Real Estate Coastal Maine
Maine Coastal Properties
Maine Lakes
Maine Lake Properties
Maine Rivers Casco Bay Islands Waterfront - FAQ's
Relocation Services Relocation Package Maine Counties Quality of Life Education and Schools Art and Culture Property Tax Rates Common Relocation FAQs Moving Long Distance
Mortgage Center Mortgage Types Credit Scoring Fee & Closing Costs Mortgage FAQs
Retirement in Maine Retirement Planning Retirement Communities Changing Demographics
Real Estate Investing Vacation Homes 1031 Tax Exchanges Condos and Townhomes Remodeling: Cost vs Value