Is Chebeague Island, ME 04017 a buyer’s or seller’s market?
Chebeague Island is a seller’s market. With about 3.2 months of supply and 67% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Chebeague Island housing market right now
In the three months ending August 31, 2026, 67% of homes in Chebeague Island, ME 04017 sold above their list price, the typical home went under contract in 10 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 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 0%, homes sold faster (72 days then) and the median sale price rose 31% to $624,730. Overall, Chebeague Island is more competitive than a year ago, so tougher for buyers.
Within Cumberland County, homes here sell faster than in 97% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Portland 04109 (0% sold over asking) or Peaks Island 04108 (0% sold over asking).
Run the numbers for 04017
Nearby markets
Bailey Island 04003Buyer’s market $656 /sq ftBridgton 04009Balanced $325 /sq ftBrunswick 04011Seller’s market $301 /sq ftCape Elizabeth 04107Seller’s market $426 /sq ft Browse all markets →Where Chebeague Island is
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Questions about Chebeague Island real estate
Is Chebeague Island a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Chebeague Island, ME 04017 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Chebeague Island?
The typical home went under contract in 10 days in the latest three months.
Do homes in Chebeague Island sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 104.9% of the list price.
What are property taxes in Chebeague Island?
About 1.04% of a home’s value a year in Cumberland County, or roughly $4,160 on a $400,000 home.
What is the median home price in Chebeague Island?
The median sale price was $624,730 in the three months ending August 31, 2026, about $747 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology