Is North Monmouth, ME 04265 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

North Monmouth is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.8Under 4 months = seller’s market
Sold above original list50%Share of sales, last 3 months
Median sale-to-list101.2%Sold price ÷ list price
Median days on market30Listing to accepted offer
Median price per sq ft$207▼ −6.3% vs. last year

The North Monmouth housing market right now

In the three months ending August 31, 2026, 50% of homes in North Monmouth, ME 04265 sold above their list price, the typical home went under contract in 30 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is 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 was about the same (50% then), homes sold faster (35 days then) and the median sale price rose 4% to $379,836. Overall, North Monmouth is about as competitive as it was a year ago.

Within Kennebec County, homes here sell faster than in 78% of the county’s ZIP codes, and sell more often over asking than in 87%.

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) is 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 North Monmouth is

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Questions about North Monmouth real estate

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

A balanced market: there were 4.8 months of supply in North Monmouth, ME 04265 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 North Monmouth?

The typical home went under contract in 30 days in the latest three months.

Do homes in North Monmouth sell over asking?

50% of homes sold above their original list price, and the typical sale closed at 101.2% of the list price.

What are property taxes in North 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 North Monmouth?

The median sale price was $379,836 in the three months ending August 31, 2026, about $207 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