What’s Happening in the Eliot, ME Housing Market? – December 17, 2025 Update

Seller’s Perspective

• Low Inventory, Favorable Pending Ratio: The pending ratio is 25%, which signals a moderate level of buyer activity relative to available listings. Months of supply is low at 2.2, indicating a seller-leaning market where inventory is moving relatively quickly.
• Strong Sale-to-List Price Performance: Homes are selling at 97.7% of their final list price on average, showing that well-priced properties are attracting serious buyers and sellers are not having to make significant concessions.
• Days on Market: The average days on market for sold homes is 34, with a median of 28. This means most properties are selling within a month, reflecting solid demand.
• Pricing: The average sold price over the past 6 months is $716,994, with an average final list price of $718,398—demonstrating price stability and realistic seller expectations.
• Advice: With limited inventory and strong sale-to-list ratios, pricing competitively and presenting homes well should yield quick results. Sellers can expect reasonable negotiation leverage.

Buyer’s Perspective

• Active Market, Quick Turnaround: Buyers should be prepared for a competitive environment, as homes are averaging just over a month on the market and inventory is tight.
• Limited Negotiation Room: With homes selling at nearly 98% of asking price, there’s minimal room for low offers. Buyers should come in strong, especially for well-priced properties.
• Current Inventory: There are only 16 active listings and 4 pending sales, so options are limited. Acting quickly and being ready with financing will be key to success.
• Price Range Awareness: The bulk of activity is in the $500k–$1M segment, but options exist below and above this range. Buyers should be clear on their budget and move decisively when the right property appears.
• Advice: Be prepared to act fast, have pre-approvals ready, and expect to pay close to asking price for desirable homes. Flexibility on must-haves could improve chances in this tight market.

Summary Eliot, ME remains a low-inventory, seller-skewed market, but with rational pricing and steady buyer demand. Sellers have the upper hand, but buyers who are prepared can still secure quality homes with quick, competitive offers.


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