Photo: John Phelan · CC BY 4.082 homes sold in Lake Arrowhead in the last year, at a typical $409K
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 Lake Arrowhead homes are listed.
Every place Lake Arrowhead 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 Lake Arrowhead.
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 100% of Lake Arrowhead’s sales, at a typical $409K
82 homes sold in the year to May 2026.
typical sale · 82 sold in 12 months
- Per square foot
- $286ME $253
- Days to sell
- 39
- Sold over asking
- 45%
- Listings with a price cut
- 32%
About as many homes sell as usual, at 2.8 times the 2016 price
82 sales in the last year, against 113 in 2017 and a low of 60 in 2023. The typical sale went from $148K in 2016 to $409K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $400K buys in Lake Arrowhead
Check a listing against what Lake Arrowhead 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 Lake Arrowhead are more common than before the pandemic, with about as many homes for sale
We read every month of Lake Arrowhead’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, 82 sales.
If you’re buying in Lake Arrowhead
- Shop in May. It brings about 11 new listings a month, close to the busiest month, with fewer bidding wars (49% over asking).
- You can negotiate. 32% of listings have cut their price, against 27% before the pandemic.
- Bid near asking. Buyers paid 100.1% of the list price on average; 45% paid over.
- Move fast on good ones. 46% of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 11 a month), but June is the most competitive: 65% of June sales close over asking. January has the least competition (34%) but only about 5 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Maine
| Lake Arrowhead now | 2017–19 | 2021 peak | ME now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 45% | 39% | 76% | 28% |
| Gone within two weeksShare of homes under contract within 14 days | 46% | 42% | 73% | 32% |
| Listings with a price cutShare of homes for sale that cut their price | 32% | 27% | 20% | 22% |
| Price paid vs. askingAverage sale price ÷ list price | 100.1% | 99.5% | 106% | 98.1% |
| Days to sellMedian days from listing to contract | 39 | 27 | 9 | 57 |
14 homes for sale on a typical day
That’s 2.5 times the 2023 low (6), about the 2017–19 level and well under 2016’s 20.
1 in 3 listings has cut its price
32% in the last year, against 27% in 2017–19 and 22% across Maine.
Lake Arrowhead ranks 5th of 32 busy Maine markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Lake Arrowhead is one of the state’s hottest markets.
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 Lake Arrowhead home costs about $2,425 a month
Price: Lake Arrowhead’s typical sale, last 12 months. Property tax at Lake Arrowhead’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lake Arrowhead is affordable on local pay is on Cost of living.
Five things worth knowing
New listings in May
The month with the most choice. January has the fewest, about 5.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $409K home, about $3,500 a year.
Taxes vs. neighborsTypical commute
The average one-way trip to work for people who live in Lake Arrowhead.
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.
Sanford sells for less a square foot; West Kennebunk and Dunstan for far more
The busier markets within 25 miles of Lake Arrowhead, 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 | |
|---|---|---|---|---|---|
| Saco | 305 | $516K | $320 | 37% | 40 |
| Sanford | 284 | $378K | $257 | 36% | 43 |
| Gorham | 87 | $554K | $306 | 47% | 36 |
| Lake Arrowhead | 82 | $409K | $286 | 45% | 39 |
| Dunstan | 27 | $753K | $388 | 41% | 59 |
| Steep Falls | 25 | $459K | $310 | 32% | 65 |
| West Kennebunk | 25 | $748K | $363 | 20% | 85 |
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 Lake Arrowhead, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lake Arrowhead. People who follow the town see it, and so do people comparing Lake Arrowhead with their own town. No commission, no listing fee.
Questions about buying a home in Lake Arrowhead
What do homes sell for in Lake Arrowhead, ME?
82 homes sold in the year to May 2026 at a typical $409K, $286 a square foot.
Is Lake Arrowhead a buyer’s or seller’s market?
A seller’s market: 19 homes were for sale in May 2026 and 9 sold, about 2.1 months of supply. Buyers paid 100.1% of asking on average, and 32% of listings cut their price.
When is the best time to buy in Lake Arrowhead?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lake Arrowhead?
About 0.9% of a home’s value a year. On a $409K home that’s near $3,500.
Where can I see homes for sale in Lake Arrowhead?
Zillow, Redfin, Realtor.com and Homes.com all carry Lake Arrowhead’s MLS listings; the search links above open each one filtered to Lake Arrowhead.
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).