Is South China, ME 04358 a buyer’s or seller’s market?

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

South China is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score51/ 100

More competitive than 52% of U.S. ZIP codes, and #58 of 103 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 July 31, 2026. See the breakdown

Months of supply5.3Under 4 months = seller’s market
Sold above original list14.3%Share of sales, last 3 months
Median sale-to-list97.4%Sold price ÷ list price
Median days on market49Listing to accepted offer
Median price per sq ft$243▲ +9.5% vs. last year

The South China housing market right now

In the three months ending August 31, 2026, 14% of homes in South China, ME 04358 sold above their list price, the typical home went under contract in 49 days and there were 5.3 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 14 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold about as fast and the median sale price rose 2% to $424,316. Overall, South China is less competitive than a year ago, which gives buyers more room.

Within Kennebec County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less 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) 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 South China is

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Questions about South China real estate

Is South China a buyer’s or seller’s market?

A balanced market: there were 5.3 months of supply in South China, ME 04358 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 South China?

The typical home went under contract in 49 days in the latest three months.

Do homes in South China sell over asking?

14% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.

What are property taxes in South China?

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 South China?

The median sale price was $424,316 in the three months ending August 31, 2026, about $243 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