Is Monroe, ME 04951 a buyer’s or seller’s market?

The Monroe housing market right now

In the three months ending August 31, 2026, 25% of homes in Monroe, ME 04951 sold above their list price, the typical home went under contract in 25 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is 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 0%, homes sold faster (126 days then) and the median sale price rose 24% to $360,844. Overall, Monroe is more competitive than a year ago, so tougher for buyers.

Within Waldo County, homes here sell faster than in 88% of the county’s ZIP codes, and sell more often over asking than in 56%.

Nearby, buyers who want less competition could look at Unity 04988 (0% sold over asking) or Thorndike 04986 (0% sold over asking), while Troy 04987 (100% sold over asking) and Palermo 04354 (63% sold over asking) are even more competitive.