gorham

Property for sale

Welcome to Gorham

The real estate market in Gorham, Maine, has seen some interesting trends recently. The median sale price of a home in Gorham was $473,000 in January 2025, which is a 14.1% decrease compared to the previous year. Homes in Gorham are selling quickly, with an average of 11.5 days on the market. The market is highly competitive, with many homes receiving multiple offers and selling for about 1% above the list price.

Gorham has experienced significant home appreciation rates over the past decade, with a 118.96% increase in home values. However, the appreciation rate has slowed down recently, with a 4.95% increase over the past year.

If you’re considering buying or selling a home in Gorham, it’s essential to stay informed about these market trends to make the best decisions.

Market Trends

The real estate market in Gorham, Maine, has experienced notable changes recently. As of January 2025, the median sale price of a home in Gorham was $473,000, reflecting a 14.1% decrease compared to the previous year. Despite this decline, the market remains highly competitive, with homes selling in an average of 11.5 days. Many properties receive multiple offers and often sell for about 1% above the list price.

Over the past decade, Gorham has seen significant home appreciation rates, with a 118.96% increase in home values. However, the appreciation rate has slowed down recently, with a 4.95% increase over the past year

Lifestyle

Gorham offers a charming blend of small-town living and proximity to urban amenities. The town is known for its picturesque New England setting, featuring tree-lined streets, historic buildings, and a tight-knit community. Residents enjoy a strong sense of community, with various local events and activities fostering connections among neighbors.

Outdoor enthusiasts will find plenty to love in Gorham, with abundant recreational opportunities such as hiking, biking, fishing, and kayaking. The town’s scenic beauty and access to outdoor activities make it an ideal location for those who appreciate nature and an active lifestyle

Education and Amenities

Gorham is home to highly regarded schools, including the University of Southern Maine. Families benefit from quality education, ensuring a bright future for their children. The town also offers a range of housing options, from historic homes to modern developments, catering to various preferences and budgets

Proximity to Portland

One of Gorham’s significant advantages is its close proximity to Portland, Maine’s largest city. Located just minutes away, residents can easily access Portland’s vibrant arts scene, shopping districts, and award-winning restaurants. This proximity allows Gorham residents to enjoy the tranquility of small-town living while benefiting from the amenities of a larger city

Conclusion

Gorham, Maine, presents a balanced lifestyle with its charming community, access to outdoor recreation, and proximity to Portland. The real estate market remains competitive, with homes selling quickly and often above the list price. Whether you’re considering buying or selling a home in Gorham, staying informed about these market trends and lifestyle factors will help you make the best decisions.

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