Photo: John Phelan · CC BY-SA 4.025 homes sold in Steep Falls in the last year, at a typical $459K
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 Steep Falls homes are listed.
Every place Steep Falls 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 Steep Falls.
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 Steep Falls’ sales, at a typical $459K
25 homes sold in the year to May 2026.
typical sale · 25 sold in 12 months
- Per square foot
- $310ME $253
- Days to sell
- 65
- Sold over asking
- 32%
- Listings with a price cut
- 25%
About as many homes sell as usual, at 2.3 times the 2017 price
25 sales in the last year, against 37 in 2023 and a low of 16 in 2022. The typical sale went from $202K in 2017 to $459K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $450K buys in Steep Falls
Check a listing against what Steep Falls 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 Steep Falls are rarer than before the pandemic, and more homes are for sale
We read every month of Steep Falls’ home sales since 2017 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 Steep Falls
- Shop in September. It brings about 3 new listings a month, close to the busiest month, with fewer bidding wars (38% over asking).
- Less room to haggle. Only 25% of listings cut their price, against 53% before the pandemic.
- Bid near asking. Buyers paid 99.6% of the list price on average; 32% paid over.
- You’ll usually have time. Only 35% of homes go under contract within two weeks; the typical one takes 65 days.
Fall brings the homes; summer brings the bidding wars
September has the most new listings (about 3 a month), but August is the most competitive: 67% of August sales close over asking. February has the least competition (27%) 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
| Steep Falls now | 2017–19 | 2021 peak | ME now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 32% | 38% | 80% | 28% |
| Gone within two weeksShare of homes under contract within 14 days | 35% | 51% | 68% | 32% |
| Listings with a price cutShare of homes for sale that cut their price | 25% | 53% | 42% | 22% |
| Price paid vs. askingAverage sale price ÷ list price | 99.6% | 99.6% | 106.8% | 98.1% |
| Days to sellMedian days from listing to contract | 65 | 29 | 14 | 57 |
8 homes for sale on a typical day
That’s 3.6 times the 2021 low (2) and 161% more than in 2017–19.
1 in 4 listings has cut its price
25% in the last year, against 53% in 2017–19 and 22% across Maine.
Source: Redfin Data Center, city market tracker, January 2017 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Steep Falls home costs about $2,909 a month
Price: Steep Falls’ typical sale, last 12 months. Property tax at Steep Falls’ 1.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Steep Falls is affordable on local pay is on Cost of living.
Five things worth knowing
New listings in September
The month with the most choice. December 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 $459K home, about $6,170 a year.
Taxes vs. neighborsTypical commute
The average one-way trip to work for people who live in Steep Falls.
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.
North Windham, Windham and Lake Arrowhead sell for less a square foot; Naples for far more
The busier markets within 25 miles of Steep Falls, 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 |
| Gorham | 87 | $554K | $306 | 47% | 36 |
| Lake Arrowhead | 82 | $409K | $286 | 45% | 39 |
| North Windham | 63 | $456K | $299 | 41% | 24 |
| Naples | 29 | $613K | $394 | 14% | 64 |
| Steep Falls | 25 | $459K | $310 | 32% | 65 |
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 Steep Falls, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Steep Falls. People who follow the town see it, and so do people comparing Steep Falls with their own town. No commission, no listing fee.
Questions about buying a home in Steep Falls
What do homes sell for in Steep Falls, ME?
25 homes sold in the year to May 2026 at a typical $459K, $310 a square foot.
Is Steep Falls a buyer’s or seller’s market?
A seller’s market: 3 homes were for sale in May 2026 and 5 sold, about 0.6 months of supply. Buyers paid 99.6% of asking on average, and 25% of listings cut their price.
When is the best time to buy in Steep Falls?
September brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Steep Falls?
About 1.3% of a home’s value a year. On a $459K home that’s near $6,170.
Where can I see homes for sale in Steep Falls?
Zillow, Redfin, Realtor.com and Homes.com all carry Steep Falls’ MLS listings; the search links above open each one filtered to Steep Falls.
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).