The Cumberland Mills housing market is very competitive. The median sale price of a home in Cumberland Mills was $430K last month, down 21.8% since last year. The median sale price per square foot in Cumberland Mills is $261, up 46.1% since last year.
What is the housing market like in Cumberland Mills today?
In October 2024, Cumberland Mills home prices were down 21.8% compared to last year, selling for a median price of $430K. On average, homes in Cumberland Mills sell after 9 days on the market compared to 7 days last year. There were 5 homes sold in October this year, down from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$430,000
-21.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Cumberland Mills, ME
$430,000
-21.8%
United States
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How hot is the Cumberland Mills housing market?
Cumberland Mills is very competitive. Homes sell in 7 days.
0
100
71
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 7% above list price and go pending in around 7 days.
Hot homes
can sell for about 14% above list price and go pending in around 6 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
108.7%
-6.2 pt YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Cumberland Mills, ME
108.7%
-6.2 pt
United States
View houses in Cumberland Mills that sold recently
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 Cumberland Mills housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Cumberland Mills.
Flood Factor - Moderate
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Cumberland Mills has a moderate risk of flooding. 181 properties in Cumberland Mills are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in Cumberland Mills. Flood risk is increasing slower than the national average.
66% of properties are at risk of wildfire over the next 30 years
Fire Factor
Cumberland Mills has a moderate risk of wildfire. There are 617 properties in Cumberland Mills that have some risk of being affected by wildfire over the next 30 years. This represents 66% of all properties in Cumberland Mills.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Cumberland Mills has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Cumberland Mills is most at risk from hurricanes. 930 properties in Cumberland Mills have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 95 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 108 mph.
89% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Cumberland Mills has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 89% of homes in Cumberland Mills have a Moderate Heat Factor®.
Cumberland Mills is expected to see a 142% increase in the number of days over 90ºF over the next 30 years. Cumberland Mills is expected to experience 7