Is Island Falls, ME 04747 a buyer’s or seller’s market?

The Island Falls housing market right now

In the three months ending August 31, 2026, 43% of homes in Island Falls, ME 04747 sold above their list price, the typical home went under contract in 22 days and there were 9.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room 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 40%, homes sold faster (43 days then) and the median sale price fell 23% to $193,916. Overall, Island Falls is more competitive than a year ago, so tougher for buyers.

Within Aroostook County, homes here sell faster than in 86% of the county’s ZIP codes, and sell more often over asking than in 92%.

Nearby, buyers who want less competition could look at Washburn 04786 (0% sold over asking) or Van Buren 04785 (0% sold over asking), while New Limerick 04761 (100% sold over asking) and Kingman 04451 (50% sold over asking) are even more competitive.