Is Gorham, ME 04038 a buyer’s or seller’s market?
Gorham is a seller’s market. With about 1.3 months of supply and 63% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.3Under 4 months = seller’s market
Sold above original list62.7%Share of sales, last 3 months
Median sale-to-list103.5%Sold price ÷ list price
Median days on market19Listing to accepted offer
Median price per sq ft$301▲ +3.2% vs. last year
Run the numbers for 04038
Nearby markets
Bailey Island 04003Buyer’s market $656 /sq ftBridgton 04009Balanced $325 /sq ftBrunswick 04011Seller’s market $301 /sq ftCape Elizabeth 04107Seller’s market $426 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology