Is Frankfort, ME 04438 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

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

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Frankfort housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Waldo County, ME

Population	1,098
Median income	$80,000
Average income	$79,136
Median home value	$211,300
Median rent	$850/month
Owner-occupied	91% of homes
Median year built	1991

Natural hazard riskWinter storms (very high), hurricanes (relatively high), flooding (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 04438; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 04438

Prefilled for 04438Can I win this house?Multiple-offer likelihood for a listing Prefilled for 04438Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Belfast 04915Buyer’s market $271 /sq ft Brooks 04921Buyer’s market $200 /sq ft Burnham 04922Balanced $230 /sq ft Freedom 04941Balanced $216 /sq ft Browse all markets →

Towns like Frankfort nearby

Find towns like Frankfort in other states →

Dixmont, ME04932 · 11 miles away96% similarVery close on income, prices and more Stockton Springs, ME04981 · 7 miles away92% similarpricier homes ($28K more) · larger Monroe, ME04951 · 5 miles away90% similaryounger residents Morrill, ME04952 · 17 miles away87% similarlarger · 6 min shorter commute

Where Frankfort is

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Questions about Frankfort real estate

What are property taxes in Frankfort?

About 1.04% of a home’s value a year in Waldo County, or roughly $4,160 on a $400,000 home.

Local agents

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More tools for 04438

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Waldo County property taxes Waldo County loan limits Closing costs in Maine Hottest ZIP codes in Maine

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology