Saco, ME 04072 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

Key Findings

1. The primary market value indicator is the median sold price: 479,400, which should be treated as the representative recent transaction-level price given its reflection of closed deals; this is consistent with the price year-over-year trend being up and supports using sold comparables over asking prices when valuing properties.
2. The gap between the median listing price of 739,000 and the median sold price of 479,400 points to pricing friction where seller expectations appear elevated relative to realized sale prices, which may require more aggressive pricing or concessions to close transactions.
3. Liquidity shows mixed signals: the median days on market of 377 indicates slower sales velocity, even though the market temperature is reported as hot, suggesting that while demand indicators are strong, some listings are taking substantially longer to convert to closed sales.
4. Rental and financing context is bifurcated: the median market rent of 2,000 with rent year-over-year trend up signals rising rental demand, but elevated interest rate pressure (elevated) may constrain buyer affordability and could sustain a portion of demand in the rental market rather than for-purchase activity.

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.