Falmouth Maine Real Estate | Home and Condo Sales Annual Market Report
Maine Home Connection
Home Home About Us About Us Contact Us Contact Us
MHC MHC MHC MHC MHC MHC
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
  
Login
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
 

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

 
Prop
Type
  Median Prices YTD
2020      |       2019
  Unit Sales YTD
2020  |  2019 
  % of
List Price
  DOM
                 
 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

 
Prop
Type
  # of
Units
  Sold Price
Median     |     Average
  Days on Mkt
Med  |  Avg
  % of
List
  $/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

 
Prop
Type
  # of
Units
  Sold Price
Median     |     Average
  Days on Mkt
Med  |  Avg
  % of
List
  $/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
Residential

Falmouth Listings 2019

Months of Inventory
Residential


Falmouth Inventory 2019


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
Stats
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