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GRAY, ME 04039

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The GRAY, ME real estate market (04039) currently shows 11 active listings, with 2 pending sales. Homes are averaging 23 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 23 days on market compared to 24 days last year.

The median listing price has fallen 10.4% year-over-year, from $719,000 to $644,450.

Whether you are buying or selling in GRAY, 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.

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Market Context

Market Context

Population: 7,893  ·  Density: 74.5/mi²  ·  Median household income: $91,092

Typical home value: $312,880  ·  Homeownership: 79.9%

Market Overview

Active Listings
11
⇧ 22.2% vs 9 last year
Pending
2
18% pending ratio
Median Price
$644,450
⇩ 10.4% vs $719,000 last year
Average Price
$642,810
⇩ 32.5% vs $952,889 last year
Days on Market
23
⇩ 4.2% vs 24 days last year

Price Per Square Foot

Median $/sqft
$320
⇩ 0.9% vs $323/sqft last year
Median Home Size
2,163 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 9 last year
  • Days on market: 23 now vs 24 last year

Median & Average Pricing

Year over Year
  • Median: $644,450 (-10.4% YoY)
  • Average: $642,810 (-32.5% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.8 miles — 193 listings ($114,895,446 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
04039Gray, ME 040390.0 mi15$9,837,600$657,450$655,840
04097North Yarmouth, ME 040976.0 mi8$5,918,000$620,000$739,750
04062Windham, ME 040626.9 mi42$26,681,172$599,000$635,266
04069Pownal, ME 040698.2 mi2$2,943,334$1,123,000$1,471,667
04015Casco, ME 0401510.2 mi23$18,186,583$565,500$790,721
04274Poland, ME 0427411.2 mi8$3,713,288$478,950$464,161
04222Durham, ME 0422212.0 mi1$847,250$847,250$847,250
04092Westbrook, ME 0409213.3 mi35$16,671,970$489,000$476,342
04103Portland, ME 0410313.6 mi29$17,424,070$523,725$600,830
04210Auburn, ME 0421014.5 mi20$7,672,260$374,875$383,613
04098Westbrook, ME 0409814.6 mi2$1,116,666$550,000$558,333
04256Mechanic Falls, ME 0425615.2 mi7$3,455,753$256,200$493,679
04085Steep Falls, ME 0408515.8 mi1$427,500$425,000$427,500

Frequently Asked Questions

How many homes are for sale in GRAY, ME 04039?

As of March 2026, there are 11 active listings in GRAY, ME (zip code 04039), compared to 9 the prior year.

What is the median home price in GRAY, ME 04039?

The median listing price in GRAY, ME 04039 is $644,450 as of March 2026, a 10.4% decrease from $719,000 the prior year.

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

Homes in GRAY, ME 04039 spend an average of 23 days on the market before going under contract, compared to 24 days the prior year.

Is it a seller's or buyer's market in GRAY, ME 04039?

Based on current inventory and days-on-market data as of March 2026, GRAY, ME 04039 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 23 days on market compared to 24 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GRAY, ME 04039 save an estimated $12,889 compared to a typical 5% commission on the median listing price of $644,450. 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.