The Back Cove housing market is very competitive. The median sale price of a home in Back Cove was $547K last month, down 19.0% since last year. The median sale price per square foot in Back Cove is $351, down 42.0% since last year.
What is the housing market like in Back Cove today?
In April 2024, Back Cove home prices were down 19.0% compared to last year, selling for a median price of $547K. On average, homes in Back Cove sell after 8 days on the market compared to 7 days last year. There were 8 homes sold in April this year, down from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$546,500
-19.0% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Back Cove, ME
$546,500
-19.0%
United States
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How hot is the Back Cove housing market?
Back Cove is very competitive. Homes sell in 19 days.
0
100
85
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 19 days.
Hot homes
can sell for about 8% above list price and go pending in around 6 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Back Cove housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Back Cove.
Risk Factor
Flood Factor - Moderate
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Back Cove has a moderate risk of flooding. 222 properties in Back Cove are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Back Cove. Flood risk is increasing slower than the national average.
9% of properties are at risk of wildfire over the next 30 years
Fire Factor
Back Cove has a minor risk of wildfire. There are 176 properties in Back Cove that have some risk of being affected by wildfire over the next 30 years. This represents 9% of all properties in Back Cove.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Back Cove has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Back Cove is most at risk from hurricanes. 1,794 properties in Back Cove have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 114 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 128 mph.