Is Bailey Island, ME 04003 a buyer’s or seller’s market?

The Bailey Island housing market right now

In the three months ending August 31, 2026, 25% of homes in Bailey Island, ME 04003 sold above their list price, the typical home went under contract in 53 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 18%, homes sold more slowly (32 days then) and the median sale price fell 10% to $811,649. Overall, Bailey Island is about as competitive as it was a year ago.

Within Cumberland County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in 81%.

Nearby, buyers who want less competition could look at Portland 04109 (0% sold over asking) or Peaks Island 04108 (0% sold over asking), while Chebeague Island 04017 (67% sold over asking) and Gorham 04038 (63% sold over asking) are even more competitive.