Gray, ME Housing Market

Homes for sale

The Gray housing market is most competitive. The median sale price of a home in Gray was $300K last month, down 20.2% since last year. The median sale price per square foot in Gray is $294, down 10.9% since last year.

Trends
Demand
Migration
Schools
Climate

Gray Housing Market Trends

What is the housing market like in Gray today?

In October 2024, Gray home prices were down 20.2% compared to last year, selling for a median price of $300K.

$650K

Sale Price

+62.5%
since last year

$294

Sale $/Sq. Ft.

-10.9%
since last year

Over List Price

6.4%

Days on Market

7.5

Down Payment

—

Total Homes Sold

To compare other locations to the Gray and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Gray add value to a home.

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How hot is the Gray housing market?

Gray is most competitive. Homes sell in 7.5 days.

100

Most Competitive

Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 6% above list price and go pending in around 8 days.
Hot homes
can sell for about 13% above list price and go pending in around 5 days.

Compare With Nearby Cities

Portland

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for around list price and go pending in around 33 days.
Hot homes
can sell for about 3% above list price and go pending in around 8 days.

South Portland

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 19 days.
Hot homes
can sell for about 4% above list price and go pending in around 6 days.

See more nearby cities and neighborhoods

Gray Migration & Relocation Trends

In Sep '24 - Nov '24, 28% of Gray homebuyers searched to move out of Gray, while 72% looked to stay within the metropolitan area.

Where are people moving to Gray from?

Across the nation, 0.82% of homebuyers searched to move into Gray from outside metros.
Boston homebuyers searched to move into Gray more than any other metro followed by New York and Washington.

Where are people from Gray moving to?

72% of Gray homebuyers searched to stay within the Gray metropolitan area.
Bangor was the most popular destination among Gray homebuyers followed by Augusta and Cape Coral.

Number of People Moving to Gray

least

most

People are moving to Gray from

Inbound		Net inflow
Metros		Sep '24 - Nov '24
1	Boston, MA	4,313
2	New York, NY	710
3	Washington, DC	476
4	Philadelphia, PA	237
5	Hartford, CT	229
6	Los Angeles, CA	226
7	Seattle, WA	112
8	San Francisco, CA	112
9	Denver, CO	104
10	Chicago, IL	78

People are leaving Gray for

Outbound		Net outflow
Metros		Sep '24 - Nov '24
1	Bangor, ME	91
2	Augusta, ME	59
3	Cape Coral, FL	20
4	Myrtle Beach, SC	16
5	Sarasota, FL	16
6	Berlin, NH	13
7	Homosassa Springs, FL	9
8	Savannah, GA	6
9	Hilton Head Island, SC	5
10	Jacksonville, FL	3

Methodology

This data does not reflect actual moves. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.

View houses in Gray that sold recently

Recently sold homes

SOLD DEC 12, 2024
$499,900 Last Sold Price
3 beds
1.5 baths
2,024 sq ft
28 Lindan Ln, Gray, ME 04039
List Price
$499,900
Sale to List
0% over list
Days on Market
36 days
28 Lindan Ln, Gray, ME 04039
SOLD DEC 11, 2024
$665,000 Last Sold Price
3 beds
2 baths
2,414 sq ft
9 Callaway Dr #3, Gray, ME 04039
List Price
$675,000
Sale to List
1% under list
Days on Market
43 days
9 Callaway Dr #3, Gray, ME 04039
SOLD DEC 10, 2024
$517,000 Last Sold Price
3 beds
2 baths
1,392 sq ft
10 Sashas Way, Gray, ME 04039
List Price
$517,000
Sale to List
0% over list
Days on Market
41 days
10 Sashas Way, Gray, ME 04039
SOLD NOV 25, 2024
$907,000 Last Sold Price
4 beds
2 baths
1,625 sq ft
186 & 187 Birchwood Rd, Gray, ME 04039
List Price
$925,000
Sale to List
2% under list
Days on Market
111 days
186 & 187 Birchwood Rd, Gray, ME 04039
SOLD NOV 20, 2024
$649,900 Last Sold Price
3 beds
2 baths
2,460 sq ft
26 Presidential Dr, Gray, ME 04039
List Price
$649,900
Sale to List
0% over list
Days on Market
39 days
26 Presidential Dr, Gray, ME 04039
SOLD NOV 15, 2024
$365,027 Last Sold Price
4 beds
2 baths
1,700 sq ft
268 Portland Rd, Gray, ME 04039
List Price
$359,900
Sale to List
1% over list
Days on Market
49 days
268 Portland Rd, Gray, ME 04039
SOLD NOV 15, 2024
$630,000 Last Sold Price
4 beds
2 baths
2,932 sq ft
65 May Meadow Dr, Gray, ME 04039
List Price
$585,000
Sale to List
8% over list
Days on Market
30 days
65 May Meadow Dr, Gray, ME 04039
SOLD NOV 14, 2024
$55,000 Last Sold Price
—beds
—baths
—sq ft
Lot 1 Turnpike Acres Rd, Gray, ME 04039
List Price
$59,000
Sale to List
7% under list
Days on Market
115 days
Lot 1 Turnpike Acres Rd, Gray, ME 04039
See all recently sold homes in Gray.
See listings

Schools in Gray

Learn about schools in the Gray area

Elementary
Middle
High

GreatSchools Rating

Russell School

Public • K-2

219

Students

4 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Gray housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Gray.

Wind Factor - Major

100% of properties are at major risk of a severe wind event over the next 30 years

Heat Factor - Moderate

100% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

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