Is Farmington, ME 04938 a buyer’s or seller’s market?

The Farmington housing market right now

In the three months ending August 31, 2026, 19% of homes in Farmington, ME 04938 sold above their list price, the typical home went under contract in 43 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 32 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold faster (56 days then) and the median sale price held steady to $305,868. Overall, Farmington is more competitive than a year ago, so tougher for buyers.

Within Franklin County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Farmington ranks #71 of 105 ME ZIP codes with enough sales (score 42 out of 100).

Nearby, buyers who want less competition could look at Temple 04984 (0% sold over asking) or Strong 04983 (0% sold over asking), while Stratton 04982 (50% sold over asking) is even more competitive.