Why Live in Cape Elizabeth
Cape Elizabeth, located less than 10 miles south of Portland, is a quintessential Maine community known for its 12 miles of craggy Casco Bay shoreline and historic lighthouses. The neighborhood boasts more green space than anywhere else in Cumberland County, with several state parks, conservation lands, and public beaches. Popular attractions include Two Lights State Park, Crescent Beach State Park, and the Portland Head Lighthouse at Fort Williams Park. The area is safer than the national average, making it a practical choice for families. Cape Elizabeth’s homes range from rambling five-bedroom Cape Cods and 1920s cottages with private rocky coastline access to midcentury inland dwellings like four-bedroom Colonial Revivals and ranch styles. The Cape Elizabeth School Department is highly rated, with Pond Cove Elementary, Cape Elizabeth Middle, and Cape Elizabeth High all receiving top marks. While the town lacks a designated downtown district, it features numerous locally owned eateries such as Tostones Café, C-Salt Gourmet Market, and Red’s Dairy Freeze. For groceries, residents can visit Rosemont Market & Bakery or larger stores like Hannaford and Shaw’s. The town is well-connected, with Maine Route 77 running through its core and several South Portland City Bus Service stops. The Portland International Jetport is 12 miles away, providing convenient travel options.
Home Trends in Cape Elizabeth, ME
On average, homes in Cape Elizabeth, ME sell after 25 days on the market compared to the national average of 50 days. The median sale price for homes in Cape Elizabeth, ME over the last 12 months is $887,500, up 10% from the median home sale price over the previous 12 months.
Median Sale Price
$887,500
Median Single Family Sale Price
$970,000
Median Townhouse Sale Price
$1,600,000
Median 2 Bedroom Sale Price
$725,000
Average Price Per Sq Ft
$538
Number of Homes for Sale
25
Last 12 months Home Sales
125
Median List Price
$950,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%
