Is Detroit, ME 04929 a buyer’s or seller’s market?
Detroit is a seller’s market. With about 3.2 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Detroit housing market right now
In the three months ending August 31, 2026, 25% of homes in Detroit, ME 04929 sold above their list price, the typical home went under contract in 21 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 0%, homes sold faster (197 days then) and the median sale price fell 38% to $201,413. Overall, Detroit is more competitive than a year ago, so tougher for buyers.
Within Somerset County, homes here sell faster than in 86% of the county’s ZIP codes, and sell more often over asking than in 76%.
Nearby, buyers who want less competition could look at Solon 04979 (0% sold over asking) or Shawmut 04975 (0% sold over asking), while Athens 04912 (75% sold over asking) and Saint Albans 04971 (43% sold over asking) are even more competitive.
Run the numbers for 04929
Nearby markets
Anson 04911Balanced $211 /sq ftAthens 04912Balanced $235 /sq ftBingham 04920Buyer’s market $138 /sq ftCambridge 04923Seller’s market $71 /sq ft Browse all markets →Where Detroit is
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Questions about Detroit real estate
Is Detroit a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Detroit, ME 04929 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 Detroit?
The typical home went under contract in 21 days in the latest three months.
Do homes in Detroit sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 88.9% of the list price.
What are property taxes in Detroit?
About 1.08% of a home’s value a year in Somerset County, or roughly $4,320 on a $400,000 home.
What is the median home price in Detroit?
The median sale price was $201,413 in the three months ending August 31, 2026, about $96 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