Is Franklin, ME 04634 a buyer’s or seller’s market?
Franklin is a buyer’s market. With about 13.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Franklin housing market right now
In the three months ending August 31, 2026, 0% of homes in Franklin, ME 04634 sold above their list price, the typical home went under contract in 27 days and there were 13.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (108 days then) and the median sale price fell 30% to $249,892. Overall, Franklin is more competitive than a year ago, so tougher for buyers.
Within Hancock County, homes here sell faster than in 90% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Mount Desert 04660 (67% sold over asking) and Deer Isle 04627 (60% sold over asking) are even more competitive.
Run the numbers for 04634
Nearby markets
Aurora 04408Buyer’s market $422 /sq ftBar Harbor 04609Buyer’s market $376 /sq ftBass Harbor 04653Balanced $318 /sq ftBernard 04612Buyer’s market $448 /sq ft Browse all markets →Towns like Franklin nearby
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Questions about Franklin real estate
Is Franklin a buyer’s or seller’s market?
A buyer’s market: there were 13.9 months of supply in Franklin, ME 04634 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 Franklin?
The typical home went under contract in 27 days in the latest three months.
Do homes in Franklin sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.1% of the list price.
What are property taxes in Franklin?
About 0.83% of a home’s value a year in Hancock County, or roughly $3,320 on a $400,000 home.
What is the median home price in Franklin?
The median sale price was $249,892 in the three months ending August 31, 2026, about $166 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