Back Cove · Portland, ME

Is Now a Good Time to Sell in Back Cove, Portland?

The median home in Back Cove sells for $521,000 with prices down 8% year-over-year. Ridley's flat fee saves you $12,131.

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Back Cove Real Estate Market Conditions

57out of 100

Ridley Sell Score

How it's scored →

Moderate

57/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Back Cove market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Focus on presentation and pricing strategy to stand out. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. Maine average is 3.6.

Price MomentumFavors buyers

Prices down 7.624113475% year-over-year — vs. +3.9% statewide.

Seller LeverageNeutral

Homes selling at 98.74% of asking — buyers are negotiating 1.3% below list. Maine average is 97.9%.

Bidding ActivityNeutral

30% of homes selling above list price — 17% above the Maine average of 25.6%.

Sale SpeedFavors sellers

28 median days on market — 47 days faster than the Maine average.

Market UrgencyFavors sellers

41.67% of listings go pending within 2 weeks — vs. 26.3% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. Maine average is 21.3%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

$521,000

-8%

Days on Market

28

Price per Sq Ft

$361

Sale-to-List Ratio

98.74%

Homes Sold

10

Sold Above List

30%

Pending in 2 Weeks

41.67%

Source: public market records

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Personalized pricing signals, demand shifts, and Sell Score changes for Portland — delivered monthly.

Your savings

How much can you save selling in Back Cove?

$0Estimated savings

That's a dream family vacation — save 2.3% of your home value

$521,000

$50,000$10M

Traditional Agent (3%)

$15,630

Ridley Pro (flat fee)

$3,499

Ready to sell in Back Cove?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

Cost to sell in Back Cove

Traditional AgentBest valueRidley ProRidley Essentials
Listing fee$15,630$3,499$999
Buyer agent$14,5882.8% avg$10,420~2% avg$10,420~2% avg
Closing costs (~1.5%)$7,815$7,815$7,815
Total cost$38,033$21,734$19,234
You save$12,131$14,631

Based on the Back Cove median home price of $521,000. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Back Cove

A flat fee of $3,499 instead of the typical $15,630 commission — with a dedicated agent at every step.

1

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Back Cove market data so you list at the right price.

2

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

3

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Back Cove buyers look — plus a custom Ridley listing page with AI chat.

4

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

5

Close and keep $12,131 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

FAQ

Common questions about selling in Back Cove

Ready to sell in Back Cove?

Save $12,131

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