2023 Fall Market Report

October through December 2023

Sunday River Real Estate Market

MEDIAN SALES PRICE

Dollar for Median Sale Price

$447,000.00

Up 12.03% from Summer 2023

DAYS ON MARKET

House for Days on Market

17.5

Up 25.00% from Summer 2023

CLOSED SALES

Key for Closed Sales

70

Up 18.64% from Summer 2023

The Sunday River region continues to be a highly desirable destination and place to settle. In this report, we will examine market trends from the past six months (April 2023 through September 2023) compared to the previous six months (October 2022 to March 2023) for Bethel, Newry, Greenwood, Bryant Pond, Woodstock, and Hanover.

Limited Inventory Drives Prices and Demand

Low inventory is driving demand for single-family homes, condominiums, and townhomes in Bethel and Newry. While the median number of days on the market has increased, which is typical during the off-season, the median sales price for Summer 2023 is up over Winter 2022-23.

Market Trends

Median Sales Price

FALL 2023 Median Sales Price

Median Days on Market

FALL 2023 Median Days on Market

Outlook

As we move into Fall 2023, we are hopeful for inventory to increase. However, given the current market conditions, buyers are advised to act quickly and decisively when they find a property they are interested in. Sellers, on the other hand, are well-positioned to command top dollar for their homes.

How We Can Help

As the official agency of Sunday River, and serving the greater Bethel, Maine, region, we are here to help you navigate this tricky market for both buyers and sellers. Our expert team of brokers has the experience and knowledge you need to succeed in your real estate goals. Contact us today to learn more.

Contact us today to consult with our expert team of brokers and learn more about how we can help you buy or sell a home in the Sunday River region.

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Newry

Newry, Maine Map

Comparative Statistics

ALL PRICE POINTSSUMMER 2023FALL 2023+/- CHANGE
Median Sale Price$687,500.00$591,000.00-14.04%
Median Price Per SQFT$448.21$418.51-14.28%
Median Days on Market3543+22.86%
Total Properties Sold20200.00%
Highest Sale Price$2,082,136.58$4,136,726.00+98.68%
% Sold to List Price99.86%100%+1.15%

Summer stats contain data from July 1, 2023 through September 30, 2023. Fall stats contain data from October 1, 2023 through December 31, 2023. All data from the Maine MLS. 

Fall 2023 Percent of Market

FALL 2023 Newry Percent of Market Pie Chart

Fall 2023 Average Sales Price

FALL 2023 Newry AVG Sale Price Per Month
View Newry Listings

Bethel, ME

Bethel

Comparative Statistics

ALL PRICE POINTSSUMMER 2023FALL 2023+/- CHANGE
Median Sale Price$407,500.00$540,000.00+32.52%
Median Price Per SQFT$280.24$271.37-3.17%
Median Days on Market175-70.59%
Total Properties Sold2435+45.83%
Highest Sale Price$900,000.00$1,240,000.00+37.78%
% Sold to List Price100.00%100.00%0.00%

Summer stats contain data from July 1, 2023 through September 30, 2023. Fall stats contain data from October 1, 2023 through December 31, 2023. All data from the Maine MLS. 

Fall 2023 Percent of Market

fall 2023 Bethel Percent of Market Pie Chart

Fall 2023 Average Sales Price

FALL 2023 Bethel AVG Sale Price Per Month
View Bethel Listings

Greenwood, ME

Greenwood Map

Comparative Statistics

ALL PRICE POINTSSUMMER 2023FALL 2023+/- CHANGE
Median Sale Price$280,000.00$338,500.00+20.89%
Median Price Per SQFT$249.82$259.10+3.71%
Median Days on Market545+800.00%
Total Properties Sold710+42.86%
Highest Sale Price$639,544.00$750,000.00+17.27%
% Sold to List Price100.00%98.10%-1.90%

Summer stats contain data from July 1, 2023 through September 30, 2023. Fall stats contain data from October 1, 2023 through December 31, 2023. All data from the Maine MLS. 

Fall 2023 Percent of Market

FALL 2023 Greenwood Percent of Market Pie Chart

Fall 2023 Average Sales Price

FALL 2023 Greenwood AVG Sale Price Per Month
View Greenwood Listings

Bryant Pond & Woodstock, ME

Bryant Pond/Woodstock Map

Comparative Statistics

ALL PRICE POINTSSUMMER 2023FALL 2023+/- CHANGE
Median Sale Price$203,500.00$192,000.00-5.65%
Median Price Per SQFT$219.54$167.50-23.70%
Median Days on Market545+800.00%
Total Properties Sold4.522+388.89%
Highest Sale Price$676,500.00$595,000.00-12.05%
% Sold to List Price108.89%100.00%-8.17%

Summer stats contain data from July 1, 2023 through September 30, 2023. Fall stats contain data from October 1, 2023 through December 31, 2023. All data from the Maine MLS. 

Fall 2023 Percent of Market

FALL 2023 Woodstock_BP Percent of Market Pie Chart

Fall 2023 Average Sales Price

FALL 2023 BP_W AVG Sale Price Per Month
View Bryant Pond & Woodstock Listings

Hanover, ME

Hanover map

Comparative Statistics

ALL PRICE POINTSSUMMER 2023FALL 2023+/- CHANGE
Median Sale Price$81,150.000N/A-100.00%
Median Price Per SQFTN/AN/AN/A
Median Days on Market28.5N/A-100.00%
Total Properties Sold2N/A-100.00%
Highest Sale Price$90,300.00N/A-100.00%
% Sold to List Price86.12%N/A-100.00%

Summer stats contain data from July 1, 2023 through September 30, 2023. Fall stats contain data from October 1, 2023 through December 31, 2023. All data from the Maine MLS. 

View Hanover Listings

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