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Maine Set a New Record For How Much It Costs to Buy a Home

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Maine Set a New Record For How Much It Costs to Buy a Home


Maine’s housing market isn’t getting any better, and new numbers prove it.

The Portland Press Herald reported that the demand for single-family homes is still very high in Maine. That demand has pushed the average price up over seven percent to just under $400,000. People are paying that and more as closings are up for the fourth straight month in Maine.

The last record was set last year at $385,000 for the median price of a single-family home. The Portland Press Herald quotes Paul McKee, the association president and a broker with Keller Williams Realty in Portland,

Sellers have become more active in 2024. The 3,896 homes for sale in May were the highest number since August 2022 – 21 months ago – and the second-highest in 32-months – since September 2021. With more homes for sale, more transactions are happening.

Mainers are in a catch-22

Maine is a big state and there are many different real estate markets. In some markets in Maine, you might have some wiggle room to negotiate. But in many others, there simply aren’t enough homes on the market, and that puts bidding wars in place and it raises the median price. The average price for a home nationally (all housing types) was $419, 300, a new record and almost six percent higher than last year’s record price of $396,500.

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Photo by Tierra Mallorca on Unsplash

Photo by Tierra Mallorca on Unsplash

There are Mainers who are trapped in the home they own right now. For reasons like expanding the family, or a new job at a different location – some Mainers simply can’t move. Sure, you may be able to get top dollar for your home, but you can’t move, because you can’t afford anything. Lawrence Yun, chief economist with the National Association of Realtors said this about mortgages,

The mortgage payment for a typical home today is more than double that of homes purchased before 2020. Still, first-time buyers in the market understand the long-term benefits of owning.

Everybody understands the benefits of owning! But if mortgages have ‘more than doubled’ and your salary hasn’t, that math does NOT add to being a homeowner. He did say that prices should calm down when more homes get on the market, but we continue to see an unfriendly housing market if you don’t have a lot of cash.

 

Mainers Share 20 Things That Make Maine the Best State in the US

Gallery Credit: Sean McKenna

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Here’s 13 Maine Food Festivals You Won’t Want to Miss in 2024

Love food and festivals? Here are some of the best in Maine you need to attend in 2024.

Gallery Credit: Sean McKenna

 





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Maine

Rage Room in Portland, Maine, Developing ‘Scream Room’ Addition

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Rage Room in Portland, Maine, Developing ‘Scream Room’ Addition


For a lot of people throughout Maine, there’s some built up frustration that they’ve just been keeping inside.

That frustration can come in a lot of different forms. From finances to relationships to the world around you.

So it makes plenty of sense that a rage room opened in Portland, Maine, where people can let some of that frustration out.

It’s called Mayhem and people have been piling in to smash, crush and do dastardly things to inanimate objects that had no idea what was coming.

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But Mayhem has realized not everyone is down with swinging a sledgehammer. So they’ve decided to cook up something new.

Mayhem Creating ‘Scream Room’ at Their Space in Portland, Maine

Perhaps the thought of swinging a baseball bat and destroying a glass vase brings you joy. The thought of how sore your body will be after that moment makes you less excited.

Mayhem Portland has heard you loud and clear and is developing a new way to get the rage out. By just screaming.

Mayhem is working on opening their very first scream room. It’s exactly what you think it is, a safe place to spend some time just screaming all of the frustration out.

There isn’t an official opening date set yet but it’s coming soon along with pricing.

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Mayhem in Portland, Maine, Will Still Offer Rage Rooms and Paint Splatter

While a scream room is on the way, you can still experience a good time at Mayhem with one of their rage rooms or a paint splatter room.

Both can be experienced in either 20-minute or 30-minute sessions.

All the details including some age and attire requirements can be found here.

TripAdvisor’s Top 10 Things to do in Portland, Maine

Looking for fun things to do in Portland, ME? Here is what the reviewers on TripAdvisor say are the 10 best attractions.

This list was updated in March of 2026

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Gallery Credit: Chris Sedenka

Top 15 of The Most Powerful People in Maine

Ever wonder who the most powerful players are in Maine? I’ve got a list!

Gallery Credit: Getty Images





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Maine competition gives creative entrepreneurs the chance to win money

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Maine competition gives creative entrepreneurs the chance to win money


BANGOR, Maine (WABI) – If you’ve ever wondered what goes into pitching a good business idea, you might want to stop by a Big Gig event.

The Big Gig Entrepreneurship Pitch Off brings professionals from across the state together to network and pitch their early-stage business ideas for a chance to win $500.

Tuesday’s competition was held at the Salty Brick Market in Bangor, and it drew a lot of spectators.

“The winners of each semifinal event get $500 and the opportunity to compete for $5,000, so that can make a huge impact on a business that’s just getting off the ground,” said Renee Kelly, a Big Gig organizer.

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The winner of the competition, Colin McGuire, was also grateful for the opportunity to showcase his idea “Art on Tap,” which would connect local artists with local venues trying to put on events.

“The support tonight is huge, and it’s just giving me more enthusiasm for running with the idea,” he said.

The season finale of the competition will be held May 19th.

The location is yet to be determined.

If you’d like to apply to compete in the contest, you can go to biggig.org.

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This Monster Burrito Challenge in Waterville, Maine, Is Not for the Weak

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This Monster Burrito Challenge in Waterville, Maine, Is Not for the Weak


Are you up for a Maine food challenge, or are your eyes bigger than your stomach?

A Waterville staple, Buen Apetito has a monster burrito just waiting for someone to eat it down to the very last bite.

This thing is a beast, literally called La Bestia, and it’s definitely a mighty task for a fearless foodie.

Take on the Buen Apetito La Bestia Food Challenge in Waterville, Maine

According to Buen Apetito, if you can finish a super-sized burrito in 30 minutes or less, you’ll get the $60 meal for free, a La Bestia champion shirt, and a picture on the wall of fame. That’s not to mention the bragging rights of dominating a task few will be able to conquer.

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Wondering what’s in the burrito?

The Mexican restaurant shared in a Facebook comment on a post that the burrito is filled with “grilled chicken, chorizo, and tender shredded beef or pork. Built on a layer of seasoned rice, refried beans, and French fries, it’s melted together with a shredded Mexican cheese blend and a drizzle of creamy cheese sauce, sautéed peppers and onions, green salsa, pico de gallo, sour cream, creamy guacamole, and a bed of shredded lettuce all wrapped in three extra-large tortillas fused into one epic wrap.”

Let’s just say that this thing is packed full.

The first La Bestia contender took up his fork and knife in December 2025, but despite coming close, he couldn’t come out with the win.

As of March 2026, the challenge has remained undefeated. But you never know, someone is bound to come out victorious.

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Just note that you can only try your hand at this food challenge on Wednesday and Thursday.

Buen Apetito Has Been a Longstanding Waterville, Maine, Restaurant

First opened in 1999, Buen Apeitito has been around for nearly 30 years.

Centralmaine.com reported that the Mexican restaurant was originally located at the Railroad Square complex off Chaplin Street before moving to 99 West River Road in 2023.

A little over a year later, in 2024, Buen Apetito shared on Facebook that it was passing on the torch to new owners, including Dalia, “the heart and soul of [the] kitchen for twenty years,” her daughter, Norma, and Norma’s husband, Shawn.

READ MORE: Famous Maine Restaurant Buen Apetito Adds Powerhouse New Owner to Crew

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And it seems like not only are things still going strong, but new additions like La Bestia food challenge are only enhancing the spirit of big flavor and delicious Mexican food at the Waterville staple.

So, you think you’re up for the task of taking down a beast of a burrito at Buen Apetito? Good luck.

You Know You’re From Maine If You’ve Tried All 19 of These Foods

Here’s a number of foods associated with Maine. How many of them have you had?

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The New York Time’s Best Restaurant Lists Feature These 7 Maine Spots

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