Photo: Rapidfire · CC BY-SA 3.0138 homes sold in Cape Elizabeth in the last year, at a typical $906K
About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Cape Elizabeth homes are listed.
Every place Cape Elizabeth homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Cape Elizabeth.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
21% of Cape Elizabeth’s sales are condos, at $366K less than a house
112 houses and 29 condos sold in the year to May 2026. Condos sell faster and draw more bidding wars.
typical sale · 112 sold in the year to May 2026
- Per square foot
- $445ME $253
- Days to sell
- 50
- Sold over asking
- 33%
- Listings with a price cut
- 18%
typical sale · 29 sold in the year to May 2026
- Per square foot
- $402ME $376
- Days to sell
- 31
- Sold over asking
- 41%
- Listings with a price cut
- 25%
Fewer homes sell than before 2021, at twice the 2016 price
138 sales in the last year, against 203 in 2020 and a low of 125 in 2023. The typical sale went from $427K in 2016 to $906K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $900K buys in Cape Elizabeth
Check a listing against what Cape Elizabeth homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Cape Elizabeth are more common than before the pandemic, but a third fewer homes come up for sale
We read every month of Cape Elizabeth’s home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 138 sales.
If you’re buying in Cape Elizabeth
- Shop in June. It brings about 23 new listings a month, close to the busiest month, with fewer bidding wars (40% over asking).
- Bid near asking. Buyers paid 100.1% of the list price on average; 37% paid over.
- You’ll usually have time. Only 39% of homes go under contract within two weeks; the typical one takes 44 days.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 23 a month), but April is the most competitive: 50% of April sales close over asking. February has the least competition (29%) but only about 11 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Maine
| Cape Elizabeth now | 2017–19 | 2021 peak | ME now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 37% | 31% | 64% | 24% |
| Gone within two weeksShare of homes under contract within 14 days | 39% | 34% | 43% | 33% |
| Price paid vs. askingAverage sale price ÷ list price | 100.1% | 98.7% | 105.1% | 97.7% |
| Days to sellMedian days from listing to contract | 44 | 37 | 22 | 60 |
30 homes for sale on a typical day
That’s 1.7 times the 2023 low (17), 31% fewer than in 2017–19 and well under 2016’s 52.
Since 2019, houses are up 93%, condos 91%
A house typically sold for $1M in the year to May 2026 (112 sales), a condo for $681K (29).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Cape Elizabeth ranks 10th of 36 busy Maine markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Cape Elizabeth is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2016 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Cape Elizabeth home costs about $5,515 a month
Price: Cape Elizabeth’s typical sale, last 12 months. Property tax at Cape Elizabeth’s 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Cape Elizabeth is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 6.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $906K home, about $9,460 a year.
Taxes vs. neighborsSchools
The schools grade for Cape Elizabeth, from test results, graduation and how much students grow.
Schools in Cape ElizabethTypical commute
The average one-way trip to work for people who live in Cape Elizabeth.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Portland, South Portland and Old Orchard Beach sell for less a square foot
The busier markets within 25 miles of Cape Elizabeth, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Portland | 757 | $614K | $397 | 35% | 40 |
| South Portland | 334 | $521K | $366 | 44% | 31 |
| Old Orchard Beach | 239 | $509K | $373 | 23% | 49 |
| Cape Elizabeth | 138 | $906K | $414 | 37% | 44 |
| Scarborough | 113 | $571K | $402 | 22% | 38 |
| Oak Hill | 104 | $566K | $405 | 22% | 37 |
| Dunstan | 29 | $819K | $412 | 50% | 46 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Cape Elizabeth, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Cape Elizabeth. People who follow the town see it, and so do people comparing Cape Elizabeth with their own town. No commission, no listing fee.
Questions about buying a home in Cape Elizabeth
What do homes sell for in Cape Elizabeth, ME?
138 homes sold in the year to September 2026 at a typical $906K, $414 a square foot. Houses sold for about $1M, condos for about $681K in the year to May 2026.
Is Cape Elizabeth a buyer’s or seller’s market?
A seller’s market: 49 homes were for sale in September 2026 and 17 sold, about 2.9 months of supply. Buyers paid 100.1% of asking on average.
When is the best time to buy in Cape Elizabeth?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Cape Elizabeth?
About 1% of a home’s value a year. On a $906K home that’s near $9,460.
Where can I see homes for sale in Cape Elizabeth?
Zillow, Redfin, Realtor.com and Homes.com all carry Cape Elizabeth’s MLS listings; the search links above open each one filtered to Cape Elizabeth.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).