Is Hope, ME 04847 a buyer’s or seller’s market?
Hope is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Hope housing market right now
In the three months ending August 31, 2026, 0% of homes in Hope, ME 04847 sold above their list price, the typical home went under contract in 40 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (56 days then) and the median sale price fell 42% to $440,809. Overall, Hope is more competitive than a year ago, so tougher for buyers.
Within Knox County, homes here sell faster than in 77% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Thomaston 04861 (27% sold over asking) and Spruce Head 04859 (25% sold over asking) are even more competitive.
Run the numbers for 04847
Nearby markets
Camden 04843Balanced $375 /sq ftCushing 04563Buyer’s market $376 /sq ftFriendship 04547Seller’s market $242 /sq ftMatinicus 04851 — /sq ft Browse all markets →Towns like Hope nearby
Find towns like Hope in other states →Where Hope is
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Questions about Hope real estate
Is Hope a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Hope, ME 04847 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 Hope?
The typical home went under contract in 40 days in the latest three months.
Do homes in Hope sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.0% of the list price.
What are property taxes in Hope?
About 1.17% of a home’s value a year in Knox County, or roughly $4,680 on a $400,000 home.
What is the median home price in Hope?
The median sale price was $440,809 in the three months ending August 31, 2026, about $368 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