Call or Text (240) SELL-123

GORHAM, ME 04038

Real Estate Market Report  ·  Cumberland County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
38
⇧ 35.7% vs 28 last year
Pending
6
16% pending ratio
Median Price
$652,500
⇧ 15.7% vs $563,725 last year
Average Price
$651,511
⇧ 14.6% vs $568,606 last year
Days on Market
54
⇧ 3.8% vs 52 days last year

Market Context

Population: 17,999  ·  Density: 137.4/mi²  ·  Median household income: $103,152

Typical home value: $395,023  ·  Homeownership: 80.9%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The GORHAM, ME real estate market (04038) currently shows 38 active listings, with 6 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 54 days on market compared to 52 days last year.

The median listing price has risen 15.7% year-over-year, from $563,725 to $652,500.

Whether you are buying or selling in GORHAM, ME, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for GORHAM, ME 04038 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 28 last year
  • Days on market: 54 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $652,500 (+15.7% YoY)
  • Average: $651,511 (+14.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.2 miles — 308 listings ($228,296,042 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
04038Gorham, ME 040380.0 mi38$24,757,418$652,500$651,511
04092Westbrook, ME 040925.2 mi35$16,353,540$495,000$467,244
04084Standish, ME 040846.7 mi32$21,241,280$584,000$663,790
04102Portland, ME 041028.2 mi36$23,532,696$449,999$653,686
04074Scarborough, ME 040749.0 mi52$44,721,144$749,450$860,022
04042Hollis Center, ME 040429.8 mi10$5,743,170$492,000$574,317
04085Steep Falls, ME 040859.9 mi2$915,000$457,500$457,500
04072Saco, ME 0407211.4 mi39$26,858,091$544,000$688,669
04049Limington, ME 0404912.4 mi8$5,245,336$550,000$655,667
04071Raymond, ME 0407113.4 mi22$24,782,054$592,500$1,126,457
04107Cape Elizabeth, ME 0410713.6 mi17$24,638,372$1,195,000$1,449,316
04039Gray, ME 0403913.9 mi15$8,545,275$535,000$569,685
04024East Baldwin, ME 0402414.2 mi2$962,666$415,000$481,333

Frequently Asked Questions

How many homes are for sale in GORHAM, ME 04038?

As of January 2026, there are 38 active listings in GORHAM, ME (zip code 04038), compared to 28 the prior year.

What is the median home price in GORHAM, ME 04038?

The median listing price in GORHAM, ME 04038 is $652,500 as of January 2026, a 15.7% increase from $563,725 the prior year.

How long do homes stay on the market in GORHAM, ME?

Homes in GORHAM, ME 04038 spend an average of 54 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in GORHAM, ME 04038?

Based on current inventory and days-on-market data as of January 2026, GORHAM, ME 04038 is currently a Buyer's Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 54 days on market compared to 52 days last year.

How much can I save on real estate commission in GORHAM, ME?

With SELL123.com's maximum 3% commission, sellers in GORHAM, ME 04038 save an estimated $13,050 compared to a typical 5% commission on the median listing price of $652,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.