Saco, ME 04072 Real Estate Market Report

ZIP Code: 04072
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the housing market in Saco, ME is characterized by a median sold price of $497,000, reflecting a robust market environment. The neighborhood has increased 15% since 2023, indicating strong appreciation in home values. Despite this positive trend, the median days on market stands at 313 days, suggesting slower sales velocity and potential pricing friction as buyers take longer to make purchasing decisions.

The market is currently experiencing elevated inventory levels, with a notable gap between the median listing price of $675,000 and the median sold price. This discrepancy may indicate seller expectations that are not fully aligned with current buyer willingness to pay, contributing to the slower transaction volume. Overall, while demand remains strong, the market may be entering a phase of adjustment as it balances between rising prices and extended selling times.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The median sold price of $497,000 reflects a strong appreciation trend, having increased 15% since 2023, indicating a strong market.

2. With a median days on market of 313 days, the market is experiencing slower sales velocity, suggesting potential pricing adjustments may be necessary.

3. The median listing price of $675,000 presents a significant gap compared to the median sold price, indicating pricing friction in the market.

4. The median market rent is $2,070, which, alongside rising home prices, suggests strong rental demand in the area.

5. Overall, the market temperature is described as hot, reflecting continued buyer interest despite the elevated inventory levels.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.