All Home Types
Cape Elizabeth, ME Housing Market
What is the housing market like in Cape Elizabeth today?
In February 2025, Cape Elizabeth home prices were down 49.6% compared to last year, selling for a median price of $617K. On average, homes in Cape Elizabeth sell after 85 days on the market compared to 52 days last year. There were 5 homes sold in February this year, down from 8 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$617,000
-49.6% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Cape Elizabeth, ME
$617,000
-49.6%
United States
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Cape Elizabeth Migration & Relocation Trends
In Dec '24 - Feb '25, 36% of Cape Elizabeth homebuyers searched to move out of Cape Elizabeth, while 64% looked to stay within the metropolitan area.
- Across the nation, 0.58% of homebuyers searched to move into Cape Elizabeth from outside metros.
- Boston homebuyers searched to move into Cape Elizabeth more than any other metro followed by New York and Washington.
Where are people moving to Cape Elizabeth from?
- 64% of Cape Elizabeth homebuyers searched to stay within the Cape Elizabeth metropolitan area.
- Augusta was the most popular destination among Cape Elizabeth homebuyers followed by Bangor and Sarasota.
Where are people from Cape Elizabeth moving to?
Number of People Moving to Cape Elizabeth
least
most
People are moving to Cape Elizabeth from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 2,809 | ||
| 2 | 520 | ||
| 3 | 329 | ||
| 4 | 202 | ||
| 5 | 163 | ||
| 6 | 134 | ||
| 7 | 95 | ||
| 8 | 84 | ||
| 9 | 73 | ||
| 10 | 72 | ||
People are leaving Cape Elizabeth for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 82 | ||
| 2 | 79 | ||
| 3 | 34 | ||
| 4 | 24 | ||
| 5 | 22 | ||
| 6 | 10 | ||
| 7 | 7 | ||
| 8 | 7 | ||
| 9 | 5 | ||
| 10 | 4 | ||
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.
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