Price Per Square Foot: The median price per square foot is $396, showing a significant increase of 48.6% from the previous year.
Days on Market: Homes in Scarborough typically sell after an average of 53 days on the market, which is an improvement from 72 days last year.
Types of Housing: The most common type of housing in Scarborough is single-family detached homes, accounting for 71.21% of the town’s housing units. Other prevalent housing types include large apartment complexes, row houses, and duplexes.
Vacancy Rates: The housing vacancy rate in Scarborough is 11.44%, which can impact real estate prices if not absorbed into the market.
Education: Scarborough boasts a highly educated population, with 54.55% of adults holding a 4-year college degree or higher.
Income: The per capita income in Scarborough is $63,482, which is relatively high compared to both the state and national averages.
Employment: A significant portion of the workforce in Scarborough works from home, particularly in knowledge-based, white-collar professions.
Inbound Migration: Scarborough attracts homebuyers from major metropolitan areas such as Boston, New York, and Washington.
Outbound Migration: While some residents look to move within the Scarborough metropolitan area, popular destinations for those moving out include Augusta, Bangor, and Myrtle Beach
Scarborough, Maine, remains a desirable location for homebuyers due to its high quality of life, strong community, and competitive real estate market. Despite a slight decrease in median sale prices, the market remains robust with increasing price per square foot and a relatively short time on the market for homes.
New to the Market
Lot 5 Jean's Way Scarborough, Maine
3 Beds 4 Baths 3,551 SqFt 0.73 Acres
Listed by: Maine Real Estate Co
Lot 21 Paulsen Drive Scarborough, Maine
6 Beds 4 Baths 4,357 SqFt 0.38 Acres
Listed by: Legacy Properties Sotheby's International Realty
Lot 25 Paulsen Drive Scarborough, Maine
4 Beds 5 Baths 4,334 SqFt 0.4 Acres
Listed by: Legacy Properties Sotheby's International Realty
Lot 72 Martell Way Scarborough, Maine
4 Beds 5 Baths 4,501 SqFt 1.24 Acres
Listed by: F.O. Bailey Real Estate
Lot 6 Jean's Way Scarborough, Maine
3 Beds 3 Baths 2,865 SqFt 0.83 Acres
Listed by: Maine Real Estate Co
Lot 19 Paulsen Drive Scarborough, Maine
4 Beds 4 Baths 3,842 SqFt 0.38 Acres
Listed by: Legacy Properties Sotheby's International Realty
192 Stewart Drive Scarborough, Maine
5 Beds 4 Baths 3,709 SqFt 0.23 Acres
Listed by: Bedard Homes and Realty
5 Marsh Bend Drive Scarborough, Maine
4 Beds 3 Baths 3,232 SqFt 0.37 Acres
Listed by: Maine Real Estate Co
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