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Falmouth Maine Market Report

Home Sales Statistics & Results -  2019 vs 2018 Update

Real estate sales in Falmouth are predominantly single-family homes, as they represented more than 86% of the total residential sales mix in 2019.  Additionally, sales vary considerably depending upon whether homes are located along the ocean (Falmouth Foreside), in one of the three country club communities or on the west side of the interstate.

Historically, Falmouth has also had some of the highest overall median sales prices for single family homes each year, and 2019 was no exception. The median selling price increased 2.8% with the year-end level of $550,000. The 2019 result was the highest ever recorded in Falmouth.

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   $600,000 $542,500   186 141   100%   9
 Condos   $404,500 $404,000   34 24   101.13%   6
All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS). 


2019 Falmouth Real Estate Sales & Prices

  # of
  Sold Price
Median     |     Average
  Days on Mkt
Med  |  Avg
  % of
  $/Sq Foot
 Homes   169   $550,000 $679,132   17 40   97.6   $199
 Condos   26   $391,000 $430,452   7 31   100   $243
 Multi   4   $502,000 $668,750   34 32   96.1   $163
 Land   15   $200,000 $209,733   40 102   92.7   NA

The number of homes sold annually has stabilized over the last several years at around 200.  In 2018 there were 103 sales of homes priced between $500,000 and $1,000,000, compared to 81 in 2017.  The median price of these properties was also up 5.54%.  In the true luxury segment, homes sold above $1,000,000 there was a decrease from 11 in 2017 to 9 in 2018. The median price in this segment also decreased, by 25.64%. 


2018 Falmouth Real Estate Sales & Prices

  # of
  Sold Price
Median     |     Average
  Days on Mkt
Med  |  Avg
  % of
  $/Sq Foot
 Homes   199   $540,000 $591,224   21 47   95.6   $193
 Condos   39   $478,259 $459,954   7 39   106.5   $239
 Multi   4   $596,000 $561,000   17 15   96.8   $229
 Land   22   $157,500 $182,500   21 69
  91.3   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.


Falmouth Sales History
Year Units Price
2019 169 $550,000
2018 201 $535,000
2017 195 $480,000
2016 202 $467,750
2015 203 $400,000
2014 192 $401,991
2013 177 $215,500
2012 144 $372,000
2011 136 $413,625
2010 148 $417,000
2009 155 $360,000
2008 121 $430,000
2007 168 $418,750
2006 164 $450,500
2005 163 $405,000

Active vs Pending Listings

Falmouth Listings 2019

Months of Inventory

Falmouth Inventory 2019

2019 Report
Download Market Repot

Download 2019 Market Report



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