Is Palermo, ME 04354 a buyer’s or seller’s market?

The Palermo housing market right now

In the three months ending August 31, 2026, 63% of homes in Palermo, ME 04354 sold above their list price, the typical home went under contract in 43 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 8 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 22%, homes sold more slowly (39 days then) and the median sale price fell 9% to $382,335. Overall, Palermo is more competitive than a year ago, so tougher for buyers.

Within Waldo County, homes here sell faster than in 69% of the county’s ZIP codes, and sell more often over asking than in 88%.

Nearby, buyers who want less competition could look at Unity 04988 (0% sold over asking) or Thorndike 04986 (0% sold over asking), while Troy 04987 (100% sold over asking) is even more competitive.