In Maine, home prices have climbed even faster than the national average, with a median list price of $450,000 in September 2024, 11.8% higher than January.
Rising demand and limited supply have driven U.S. home prices up by nearly 4% so far in 2024, reflecting a nationwide housing shortage and affordability crisis.
Though home prices have fallen slightly in recent months, the housing market remains more expensive today than at the beginning of the year, with typical listings at $425,000.
Coastal counties are home to nearly 30% of the U.S. population, despite fewer than 8% of counties being located on the coast, illustrating the popularity of these areas.
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