Is Long Island, ME 04050 a buyer’s or seller’s market?

The Long Island housing market right now

In the three months ending August 31, 2026, 33% of homes in Long Island, ME 04050 sold above their list price, the typical home went under contract in 44 days and there were 2.1 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 (104 days then) and the median sale price rose 17% to $849,632. Overall, Long Island is more competitive than a year ago, so tougher for buyers.

Within Cumberland County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in 62%.

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.