Is Lewiston, ME 04240 a buyer’s or seller’s market?
Lewiston is a seller’s market. With about 3.8 months of supply and 36% 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.
More competitive than 67% of U.S. ZIP codes, and #40 of 105 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Lewiston housing market right now
In the three months ending August 31, 2026, 36% of homes in Lewiston, ME 04240 sold above their list price, the typical home went under contract in 29 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 96 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 57%, homes sold faster (33 days then) and the median sale price fell 5% to $322,361. Overall, Lewiston is less competitive than a year ago, which gives buyers more room.
Within Androscoggin County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in 77%. On our competition score, Lewiston ranks #40 of 105 ME ZIP codes with enough sales (score 64 out of 100).
Nearby, buyers who want less competition could look at Livermore Falls 04254 (20% sold over asking) or Turner 04282 (32% sold over asking), while Durham 04222 (67% sold over asking) and Leeds 04263 (67% sold over asking) are even more competitive.
Run the numbers for 04240
Nearby markets
Auburn 04210Balanced $208 /sq ftDurham 04222Seller’s market $301 /sq ftGreene 04236Seller’s market $257 /sq ftLeeds 04263Balanced $252 /sq ft Browse all markets →Towns like Lewiston nearby
Find towns like Lewiston in other states →Where Lewiston is
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Questions about Lewiston real estate
Is Lewiston a buyer’s or seller’s market?
A seller’s market: there were 3.8 months of supply in Lewiston, ME 04240 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 Lewiston?
The typical home went under contract in 29 days in the latest three months.
Do homes in Lewiston sell over asking?
36% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Lewiston?
About 1.16% of a home’s value a year in Androscoggin County, or roughly $4,640 on a $400,000 home.
What is the median home price in Lewiston?
The median sale price was $322,361 in the three months ending August 31, 2026, about $196 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