Commercial Real Estate Market in Norway, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 144 off-market properties in Norway, ME.
Market Trends
Norway, ME spans 45.0 square miles in Oxford County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Norway, ME runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Norway, ME asks $52/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Norway, ME runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Norway, ME asks $122/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Norway, ME has 5,077 residents in 2,869 households. Density runs 113 people per square mile. Median household income here is $53,162 and median gross rent $758 a month.
5,077
Population
2,869
Households
1.8
Avg Household Size
48
Median Age
23%
College-Educated
90%
High-School Grad
45 sq mi
ZIP Area
113
Density / Sq Mi
$53,162
Median Household Income
$35,897
Median Earnings
$758
Median Rent
$184,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Paris | — | — |
| Paris | — | — |
| Oxford | — | — |
| Hebron | — | — |
Commercial property in Norway, ME asks $11/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Norway?
Commercial property in Norway, ME asks an average of $11 per square foot. The 3 most recent recorded sales traded at a median of $113/SF. Multifamily carries the highest asking price at $122/SF.
Where does Realmo's Norway market data come from?
Realmo compiles Norway, ME figures from 5 recent recorded sales, 17 active sale listings, 144 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 0 active for-lease listings in Norway, ME. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
