Is Searsport, ME 04974 a buyer’s or seller’s market?
Searsport is a balanced market. With about 5.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Searsport housing market right now
In the three months ending August 31, 2026, 15% of homes in Searsport, ME 04974 sold above their list price, the typical home went under contract in 58 days and there were 5.9 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. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold more slowly (45 days then) and the median sale price fell 6% to $309,866. Overall, Searsport is less competitive than a year ago, which gives buyers more room.
Within Waldo County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 69%.
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.
Run the numbers for 04974
Nearby markets
Belfast 04915Buyer’s market $271 /sq ftBrooks 04921Buyer’s market $200 /sq ftBurnham 04922Balanced $230 /sq ftFrankfort 04438 — /sq ft Browse all markets →Towns like Searsport nearby
Find towns like Searsport in other states →Where Searsport is
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Questions about Searsport real estate
Is Searsport a buyer’s or seller’s market?
A balanced market: there were 5.9 months of supply in Searsport, ME 04974 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 Searsport?
The typical home went under contract in 58 days in the latest three months.
Do homes in Searsport sell over asking?
15% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.
What are property taxes in Searsport?
About 1.04% of a home’s value a year in Waldo County, or roughly $4,160 on a $400,000 home.
What is the median home price in Searsport?
The median sale price was $309,866 in the three months ending August 31, 2026, about $290 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