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Cumberland Maine Real Estate

Search for Homes & Condos for Sale | Community Profile

Cumberland is located just 15 minutes north of Portland. This suburb of Portland is one of the fast growing communities of Cumberland County.

Cumberland, MaineStretching from the coast of Casco Bay to the rolling inland hills made up of apple orchards, small family farms, pastures and horse land, Cumberland offers an easy commute to most major area employers, shopping and medical services yet provides a relaxed small-town atmosphere. 

Located just off the coast in Casco Bay is the charming island of Great Chebeague. This island was a part of the town of Cumberland until July 1, 2007, when it formed its own local government.

Educational Excellence

Cumberland boasts an outstanding school system which is known to excel in both academics and athletics. As part of MSAD 51, local schools include Wilson kindergarten, North Yarmouth and Drowne Rd elementary and Greely middle and high schools.  Cumberland's school budget is $6,517 per student compared to a national average of $5,691.  The student/teacher ratio is 12.3.

Cumberland Real Estate Sales

Cumberland real estate is unique in that it varies dramatically from the Cumberland Foreside with its coastal waterfront homes on Casco Bay, to its suburban neighborhoods and pastoral mini-estates to the west. Cumberland retains its rich farming history through the Cumberland Fair, one of the state’s largest agricultural fairs, which has been held yearly in since 1868.

A quick glance at properties for sale in Cumberland will reveal that the town has a wide variety of single family homes available, including some very expensive and exclusive properties.  Compared to other parts of southern Maine, Cumberland offers some very compellingly competitive prices for ocean front and ocean view homes.

The charts below include up-to-date 2021 monthly sales and a review of results for both single family homes and condos versus the prior year.

Cumberland Homes

Although growing, condos and town homes still represent a relatively small percentage of total residential sales, at just below 15% annually.

Cumberland Condos

After a record high at 188 units sold in 2016, Cumberland sales have leveled off to just below 150 units per year.  During this period inventory has remained low and prices have appreciated significantly, reaching a high of $497,000 in 2020.

Cumberland Sales History
Year Units Price
2020 145 $497,000
2019 149 $480,000
2018 142 $402,500
2017 162 $410,250
2016 188 $360,219
2015 151 $364,900
2014 167 $340,000
2013 159 $357,500
2012 105 $336,000
2011 93 $300,000
2010 78 $261,150
2009 72 $286,502
2008 81 $355,000
2007 81 $345,000
2006 93 $367,500

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