Yarmouth, ME Homes For Sale - Maine Real Estate | BEX Realty (2024)

FAQs

Is Yarmouth ME a good place to live? ›

Yarmouth is a suburb of with a population of 8,984. Yarmouth is in Cumberland County and is one of the best places to live in Maine. Living in Yarmouth offers residents a sparse suburban feel and most residents own their homes.

Demand for homes in Maine continues to outpace the supply, which is pushing prices up, experts say.

Twelve properties in Yarmouth are currently listed on the Register. The oldest (the Cushing and Hannah Prince House) dates from 1785; the "newest" (the Grand Trunk Station) was built in 1906, replacing a structure built in 1848.

Yarmouth, Maine's cost of living is 17% higher than the national average.

The average cost of living in Maine

As well as being a popular tourism destination, Maine is home to around 1.4 million people. According to Bureau of Economic Analysis data for 2021, the average annual cost of living in Maine is $50,559.

$410,347. The average Maine home value is $410,347, up 5.5% over the past year and goes to pending in around 10 days.

Maine Housing Market Overview

In June 2024, home prices in Maine were up 10.3% compared to last year, selling for a median price. On average, the number of homes sold was down 8.3% year over year and there were 1,556 homes sold in June this year, down 1,696 homes sold in June last year.

Tucked high on a hill above Penobscot Bay, Oak Hall sits on a 52 acre estate designed by Warren H. Manning. Built in 1913 for Chicago financier Ira M. Cobe, it is the largest Colonial Revival mansion in Maine.

Biddeford is perhaps the youngest community in Maine. With a median age of 33.9 years, we are 29.8% younger than the State of Maine, where the median age is 44.0 years.

What is the oldest building in Yarmouth? ›

The Tolhouse is one of the oldest buildings in Great Yarmouth, and may date back to the mid 12th century. Originally built as a fortified merchant's house with a first floor hall, the building has been used as a prison, a town hall and is now a museum.

According to World Population Review, Maine's largest landowner is the forestry, transportation, shipbuilding, and consumer products company, J.D. Irving. J.D. Irving is the only industrial landowner with over a million acres owned in the state, with roughly 1.25 million acres.

Cape Elizabeth

Cape Elizabeth, the richest town in Maine, has a population of 9,313. People here earn a median household income of $144,250 and homes have a median price of $806,180. It's famous for hosting the Beach to Beacon 10K road race.

Maine home sales broke records in 2023. But not the good kind. The high prices are in part caused by historically low inventory, which McKee said has prolonged the buyer's market. But prospects are starting to look brighter.

Yarmouth

Yarmouth, a cozy town nestled in Maine, shines bright as one of the richest spots in the state. With a population of 8,518 and a median household income of $89,770, it's a bustling community.

The surrounding area has much to offer in terms of 15 miles of wide, sandy beaches to explore on our coast plus picturesque towns, villages, various mouth-watering eateries and more.

Yarmouth is a welcoming town, inviting residents and guests to enjoy and explore its open spaces, which range from active recreation to rustic and natural areas. The 22-acre Royal River Park is located in the center of town and is the “jewel” in the crown of the Yarmouth park system.