Is Spruce Head, ME 04859 a buyer’s or seller’s market?

The Spruce Head housing market right now

In the three months ending August 31, 2026, 25% of homes in Spruce Head, ME 04859 sold above their list price, the typical home went under contract in 40 days and there were 8.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 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 14%, homes sold faster (65 days then) and the median sale price fell 45% to $427,315. Overall, Spruce Head 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 more often over asking than in 93%.

Nearby, buyers who want less competition could look at Vinalhaven 04863 (0% sold over asking) or South Thomaston 04858 (0% sold over asking), while Thomaston 04861 (27% sold over asking) is even more competitive.