Is Hallowell, ME 04347 a buyer’s or seller’s market?

The Hallowell housing market right now

In the three months ending August 31, 2026, 20% of homes in Hallowell, ME 04347 sold above their list price, the typical home went under contract in 51 days and there were 5.1 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. That’s based on 10 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 36%, homes sold faster (57 days then) and the median sale price held steady to $448,806. Overall, Hallowell is less competitive than a year ago, which gives buyers more room.

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

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.