The story of this market
The typical home in ZIP 04245 sells for about $700,000, or $320 per square foot.
Prices are down 5.4% from a year ago, which gives buyers more room to negotiate. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $1,673 a month.
ZIP 04245
The market is experiencing a cooling trend with median prices declining year-over-year. Elevated inventory levels and rising months of supply suggest a shift toward a buyer-favorable environment.
Median prices moved down 5.4% year over year.
Homes spend a median of 57 days on market with 9.6 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 10.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 04245
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Maine) — Maine Resident Homestead Property Tax Exemption: Provides a reduction in the valuation of the homestead for property tax purposes. The exemption amount is set by state statute (currently $25,000 of the just value of the property). The formula is: (Just Value - Homestead Exemption) * Local Tax Rate = Tax Due.
not determinable
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.