Is Smithfield, ME 04978 a buyer’s or seller’s market?

The Smithfield housing market right now

In the three months ending August 31, 2026, 20% of homes in Smithfield, ME 04978 sold above their list price, the typical home went under contract in 31 days and there were 5.8 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 5 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 43%, homes sold more slowly (23 days then) and the median sale price fell 6% to $329,857. Overall, Smithfield is less competitive than a year ago, which gives buyers more room.

Within Somerset County, homes here sell faster than in 76% of the county’s ZIP codes, and sell more often over asking than in 62%.

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.