Photo: RootsLilla · CC BY-SA 3.025 homes sold in Gray in the last year, at a typical $497K
Almost every sale is a house. 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 Gray homes are listed.
Every place Gray 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 Gray.
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.
Houses are 76% of Gray’s sales, at a typical $490K
25 homes sold in the year to May 2026.
typical sale · 19 sold in 12 months
- Per square foot
- $278ME $253
- Days to sell
- 70
- Sold over asking
- 32%
- Listings with a price cut
- 38%
Multi-family (2–4 units): 1 sold, typical $640K
Condos: 5 sold, typical $480K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.2 times the 2016 price
25 sales in the last year, against 35 in 2022 and a low of 20 in 2025. The typical sale went from $222K in 2016 to $497K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $500K buys in Gray
Check a listing against what Gray 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 Gray are rarer than before the pandemic, and more homes are for sale
We read every month of Gray’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 May 2026, 25 sales.
If you’re buying in Gray
- Shop in June. It brings about 4 new listings a month, close to the busiest month, with fewer bidding wars (45% over asking).
- Some room to negotiate. 33% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 100.5% of the list price on average; 32% paid over.
- You’ll usually have time. Only 33% of homes go under contract within two weeks; the typical one takes 63 days.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 4 a month), but April is the most competitive: 62% of April sales close over asking. January has the least competition (30%) but only about 1 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Maine as a whole
| Gray now | 2017–19 | 2021 peak | ME now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 32% | 41% | 71% | 28% |
| Gone within two weeksShare of homes under contract within 14 days | 33% | 45% | 34% | 32% |
| Listings with a price cutShare of homes for sale that cut their price | 33% | 31% | 50% | 22% |
| Price paid vs. askingAverage sale price ÷ list price | 100.5% | 99.8% | 105.1% | 98.1% |
| Days to sellMedian days from listing to contract | 63 | 44 | 24 | 57 |
7 homes for sale on a typical day
That’s 2.3 times the 2022 low (3), 34% more than in 2017–19 and well under 2016’s 10.
1 in 3 listings has cut its price
33% in the last year, against 31% in 2017–19 and 22% across Maine.
Since 2019, houses are up 102%, condos 191%
A house typically sold for $490K in the last year (19 sales), a condo for $480K (5).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, city market tracker, January 2016 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Gray home costs about $3,012 a month
Price: Gray’s typical sale, last 12 months. Property tax at Gray’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 Gray is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. February has the fewest, about 1.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $497K home, about $5,040 a year.
Taxes vs. neighborsSchools
The schools grade for Gray, from test results, graduation and how much students grow.
Schools in GrayCheck 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.
No busy market nearby sells for less a square foot; Cumberland Center, Falmouth and Yarmouth for far more
The busier markets within 25 miles of Gray, 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 | |
|---|---|---|---|---|---|
| Windham | 283 | $515K | $293 | 42% | 37 |
| Westbrook | 272 | $485K | $331 | 54% | 35 |
| Falmouth | 220 | $994K | $390 | 32% | 47 |
| Yarmouth | 116 | $803K | $399 | 36% | 45 |
| North Windham | 63 | $456K | $299 | 41% | 24 |
| Cumberland Center | 40 | $766K | $373 | 73% | 44 |
| Gray | 25 | $497K | $280 | 32% | 63 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Gray, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Gray. People who follow the town see it, and so do people comparing Gray with their own town. No commission, no listing fee.
Questions about buying a home in Gray
What do homes sell for in Gray, ME?
25 homes sold in the year to May 2026 at a typical $497K, $280 a square foot.
Is Gray a buyer’s or seller’s market?
A balanced market: 4 homes were for sale in May 2026 and 1 sold, about 4 months of supply. Buyers paid 100.5% of asking on average, and 33% of listings cut their price.
When is the best time to buy in Gray?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Gray?
About 1% of a home’s value a year. On a $497K home that’s near $5,040.
Where can I see homes for sale in Gray?
Zillow, Redfin, Realtor.com and Homes.com all carry Gray’s MLS listings; the search links above open each one filtered to Gray.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). 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).