Is Monmouth, ME 04259 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Monmouth is a seller’s market. With about 2.9 months of supply and 25% 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.

Months of supply2.9Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list98.3%Sold price ÷ list price
Median days on market34Listing to accepted offer
Median price per sq ft$208▼ −37.0% vs. last year

The Monmouth housing market right now

In the three months ending August 31, 2026, 25% of homes in Monmouth, ME 04259 sold above their list price, the typical home went under contract in 34 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 30%, homes sold more slowly (26 days then) and the median sale price fell 10% to $427,665. Overall, Monmouth is less competitive than a year ago, which gives buyers more room.

Within Kennebec County, homes here sell faster than in 65% of the county’s ZIP codes, and sell less often over asking than in 65%.

Nearby, buyers who want less competition could look at South Gardiner 04359 (0% sold over asking) or Mount Vernon 04352 (0% sold over asking), while Randolph 04346 (56% sold over asking) and North Monmouth 04265 (50% sold over asking) are even more competitive.

Nearby markets

Albion 04910Buyer’s market $185 /sq ftAugusta 04330Seller’s market $211 /sq ftBelgrade 04917Balanced $238 /sq ftBelgrade Lakes 04918 — /sq ft Browse all markets →

Where Monmouth is

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Questions about Monmouth real estate

Is Monmouth a buyer’s or seller’s market?

A seller’s market: there were 2.9 months of supply in Monmouth, ME 04259 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 Monmouth?

The typical home went under contract in 34 days in the latest three months.

Do homes in Monmouth sell over asking?

25% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.

What are property taxes in Monmouth?

About 1.09% of a home’s value a year in Kennebec County, or roughly $4,360 on a $400,000 home.

What is the median home price in Monmouth?

The median sale price was $427,665 in the three months ending August 31, 2026, about $208 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