Is Phillips, ME 04966 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Phillips is a buyer’s market. With about 8.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8.2Under 4 months = seller’s market
Sold above original list14.3%Share of sales, last 3 months
Median sale-to-list96.3%Sold price ÷ list price
Median days on market53Listing to accepted offer
Median price per sq ft$208▲ +37.8% vs. last year

The Phillips housing market right now

In the three months ending August 31, 2026, 14% of homes in Phillips, ME 04966 sold above their list price, the typical home went under contract in 53 days and there were 8.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 7 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 40%, homes sold faster (58 days then) and the median sale price fell 26% to $244,894. Overall, Phillips is less competitive than a year ago, which gives buyers more room.

Within Franklin County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 58%.

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) and Weld 04285 (20% sold over asking) are even more competitive.

Nearby markets

Eustis 04936Buyer’s market $315 /sq ftFarmington 04938Seller’s market $211 /sq ftJay 04239Seller’s market $126 /sq ftKingfield 04947Buyer’s market $352 /sq ft Browse all markets →

Where Phillips is

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Questions about Phillips real estate

Is Phillips a buyer’s or seller’s market?

A buyer’s market: there were 8.2 months of supply in Phillips, ME 04966 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 Phillips?

The typical home went under contract in 53 days in the latest three months.

Do homes in Phillips sell over asking?

14% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.

What are property taxes in Phillips?

About 1.04% of a home’s value a year in Franklin County, or roughly $4,160 on a $400,000 home.

What is the median home price in Phillips?

The median sale price was $244,894 in the three months ending August 31, 2026, about $208 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