Is Newcastle, ME 04553 a buyer’s or seller’s market?
Newcastle is a balanced market. With about 5.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Newcastle housing market right now
In the three months ending August 31, 2026, 29% of homes in Newcastle, ME 04553 sold above their list price, the typical home went under contract in 27 days and there were 5.9 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 7 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 0%, homes sold faster (102 days then) and the median sale price rose 12% to $644,721. Overall, Newcastle is more competitive than a year ago, so tougher for buyers.
Within Lincoln County, homes here sell faster than in 74% of the county’s ZIP codes, and sell more often over asking than in 74%.
Nearby, buyers who want less competition could look at Southport 04576 (0% sold over asking) or Trevett 04571 (0% sold over asking), while Alna 04535 (100% sold over asking) and Pemaquid 04558 (100% sold over asking) are even more competitive.
Run the numbers for 04553
Nearby markets
Alna 04535Buyer’s market $116 /sq ftBoothbay 04537Buyer’s market $296 /sq ftBoothbay Harbor 04538Balanced $354 /sq ftBremen 04551Balanced $320 /sq ft Browse all markets →Towns like Newcastle nearby
Find towns like Newcastle in other states →Where Newcastle is
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Questions about Newcastle real estate
Is Newcastle a buyer’s or seller’s market?
A balanced market: there were 5.9 months of supply in Newcastle, ME 04553 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 Newcastle?
The typical home went under contract in 27 days in the latest three months.
Do homes in Newcastle sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Newcastle?
About 0.85% of a home’s value a year in Lincoln County, or roughly $3,400 on a $400,000 home.
What is the median home price in Newcastle?
The median sale price was $644,721 in the three months ending August 31, 2026, about $321 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