Is Thorndike, ME 04986 a buyer’s or seller’s market?
Thorndike is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Thorndike housing market right now
In the three months ending August 31, 2026, 0% of homes in Thorndike, ME 04986 sold above their list price, the typical home went under contract in 27 days and there were 4.8 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 2 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 50%, homes sold faster (60 days then) and the median sale price rose 37% to $321,861. Overall, Thorndike is less competitive than a year ago, which gives buyers more room.
Within Waldo County, homes here sell faster than in 81% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Troy 04987 (100% sold over asking) and Palermo 04354 (63% sold over asking) are even more competitive.
Run the numbers for 04986
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 Thorndike nearby
Find towns like Thorndike in other states →Where Thorndike is
Loading map…
Questions about Thorndike real estate
Is Thorndike a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Thorndike, ME 04986 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 Thorndike?
The typical home went under contract in 27 days in the latest three months.
Do homes in Thorndike sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.6% of the list price.
What are property taxes in Thorndike?
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 Thorndike?
The median sale price was $321,861 in the three months ending August 31, 2026, about $163 per square foot.
Local agents
See all agents in 04986 →No sponsored agents in 04986 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 04986
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology