{"id":58369,"date":"2025-05-23T16:26:18","date_gmt":"2025-05-23T23:26:18","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=58369"},"modified":"2025-07-16T01:31:28","modified_gmt":"2025-07-16T08:31:28","slug":"cost-of-selling-a-house-in-maine","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/cost-of-selling-a-house-in-maine\/","title":{"rendered":"What Is the Cost of Selling a House in Maine?"},"content":{"rendered":"

If you\u2019re like many residents in Maine, your home is probably your most significant financial asset. Selling it is a major decision. <\/span>You may be considering moving to another state, relocating to the suburbs, or downsizing to a more practical home. Whatever your reason for selling, chances are you\u2019re aiming for a hassle-free experience with the best possible return.<\/span><\/p>\n

As you plan your next move, understanding the costs associated with selling a home in Maine is critical to avoiding surprises at the closing table. In this guide, we\u2019ve outlined common costs you may face when selling a home in Maine, along with expert insights to further break down what you can expect.<\/span><\/p>\n

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How Much Is Your Maine Home Worth Now?<\/h3>\n

Get a near-instant real estate house price estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes.<\/p>\n \n

\n Get Estimate<\/a>\n <\/div>\n <\/div>\n<\/div>\n\n<\/span><\/p>\n
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Housing trends in Maine<\/h2>\n

Similar to the national trend, rising home prices and high interest rates are still a significant factor in Maine, but market is less competitive than it once was.<\/span><\/p>\n

“In Maine \u2014 primarily southern Maine, which is my market \u2014 things are definitely leveling out a bit. We’re seeing homes sit on the market a little longer compared to this time last year and even further back. But they\u2019re still selling, it\u2019s just taking a bit more time. Prices remain on the higher end, even though inventory is starting to pick up,\u201d says <\/span>Bobby Queen<\/span><\/a>, a top-performing <\/span>real estate agent in Maine.<\/span><\/p>\n

Here\u2019s a snapshot of the current real estate landscape in Maine:<\/span><\/p>\n\n\n\n\n\n\n\n\n
<\/td>\nAs of April 2025<\/b><\/td>\n<\/tr>\n
Days on market<\/span><\/td>\n22 days<\/span><\/td>\n<\/tr>\n
Median home sale price<\/span><\/td>\n$376,260<\/span><\/td>\n<\/tr>\n
List price vs. sale price<\/span><\/td>\n99%<\/span><\/td>\n<\/tr>\n
Supply of inventory<\/span><\/td>\n+14%<\/span><\/td>\n<\/tr>\n
Population growth year over year<\/span><\/td>\n+0.38%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Sources: <\/span>Maine Association of Realtors<\/span><\/a>, <\/span>Redfin<\/span><\/a>, <\/span>World Population Review<\/span><\/a><\/em><\/p>\n

As a seller in Maine, one notable metric to consider is the <\/span>days on market<\/span><\/a> (DOM), which indicates the average time from listing a home to securing a signed <\/span>purchase agreement<\/span><\/a>. In Maine, the average DOM is currently 22 days.<\/span><\/p>\n

\u201cThere are so many different micro-markets within each local area or ZIP code. Some homes are still going under contract very quickly \u2014 within a week or a week and a half \u2014 but on average, we\u2019re closer to that 30-day mark,\u201d says Queen.<\/span><\/p>\n

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Start with a home value estimate<\/h2>\n

A great first step to take when estimating the cost of selling a home in Maine is obtaining a home value estimate. Given the rapid changes in home values and local market trends, now is an excellent time to assess your home\u2019s worth \u2014 its value might surprise you.<\/span><\/p>\n

You can get a quick online value estimate using HomeLight\u2019s <\/span>Home Value Estimator<\/span><\/a>. This <\/span>free automated valuation model<\/span><\/a> (AVM) tool analyzes recent sales, local market shifts, and your home\u2019s latest selling price to provide a preliminary value range for your property in under two minutes. To get started, simply <\/span>enter your address<\/span><\/a>.<\/span><\/p>\n

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How much does it cost to sell a house in Maine?<\/h2>\n

The answer varies. Based on our findings, the cost to sell a home in Maine is typically between 6% and 10% of the final selling price.<\/span><\/p>\n

For instance, if you sell your home for $376,260 \u2014 the <\/span>median home price<\/span><\/a> in Maine \u2014 your selling costs could be approximately $22,576 to $37,626.<\/span><\/p>\n

Whether you pay on the higher or lower end of this estimate largely depends on your choices regarding home preparations, agent commissions, and any seller concessions offered to the buyer. Let\u2019s explore the factors you should consider when calculating the cost of selling a home in Maine.<\/span><\/p>\n

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What are common expenses for sellers in Maine?<\/h2>\n

Queen notes that the cost of selling a house in Maine can differ significantly based on the state\u2019s evolving market.<\/span><\/p>\n

“There are definitely several costs involved, and the exact figures will vary depending on the seller\u2019s unique situation and even their location. Generally, sellers can expect to pay real estate commission fees, which typically fall in the 5% to 6% range \u2014 but those are absolutely 100% negotiable,\u201d Queen says.<\/span><\/p>\n

The size, age, and condition of your home can also affect the cost of preparing it for sale. Below, we\u2019ve included some estimated prices to guide you as you plan.<\/span><\/p>\n

Prepping your house for sale<\/h3>\n

Preparing your Maine home for sale generally costs between 1.5% and 2.7% of your home\u2019s final sale price. Based on the median price, this could amount to around $5,644 to $10,159.<\/span><\/p>\n

Here\u2019s a breakdown of these expenses:<\/span><\/p>\n