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SPRINGFIELD, ME 04487

Real Estate Market Report  ·  Penobscot County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SPRINGFIELD, ME real estate market (04487) currently shows 5 active listings. Homes are averaging 143 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 143 days on market compared to 220 days last year.

The median listing price has fallen 13.9% year-over-year, from $229,000 to $197,175.

Whether you are buying or selling in SPRINGFIELD, 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: 812  ·  Density: 1.4/mi²  ·  Median household income: $39,417

Typical home value: $87,780  ·  Homeownership: 91.3%

Market Overview

Active Listings
5
⇩ 16.7% vs 6 last year
Pending
0
0% pending ratio
Median Price
$197,175
⇩ 13.9% vs $229,000 last year
Average Price
$236,098
⇩ 36.3% vs $370,780 last year
Days on Market
143
⇩ 35% vs 220 days last year

Price Per Square Foot

Median $/sqft
$238
⇧ 6.3% vs $224/sqft last year
Median Home Size
574 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 6 last year
  • Days on market: 143 now vs 220 last year

Median & Average Pricing

Year over Year
  • Median: $197,175 (-13.9% YoY)
  • Average: $236,098 (-36.3% 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 36.5 miles — 62 listings ($13,894,815 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
04487Springfield, ME 044870.0 mi5$1,201,900$199,900$240,380
04495Winn, ME 0449511.9 mi2$119,850$59,925$59,925
04413Brookton, ME 0441317.4 mi2$644,500$322,250$322,250
04417Burlington, ME 0441718.7 mi5$1,283,750$174,500$256,750
04424Danforth, ME 0442422.3 mi12$3,641,700$267,000$303,475
04668Princeton, ME 0466823.5 mi4$1,438,900$244,950$359,725
04460Medway, ME 0446026.8 mi4$607,668$151,250$151,917
04733Benedicta, ME 0473328.2 mi3$587,325$197,425$195,775
04408Aurora, ME 0440828.8 mi2$250,000$125,000$125,000
04418Greenbush, ME 0441829.6 mi10$1,643,250$147,500$164,325
04776Sherman, ME 0477630.6 mi6$828,270$131,225$138,045
04777Stacyville, ME 0477735.8 mi3$614,850$204,950$204,950
04471Orient, ME 0447136.5 mi4$1,032,852$209,925$258,213

Frequently Asked Questions

How many homes are for sale in SPRINGFIELD, ME 04487?

As of March 2026, there are 5 active listings in SPRINGFIELD, ME (zip code 04487), compared to 6 the prior year.

What is the median home price in SPRINGFIELD, ME 04487?

The median listing price in SPRINGFIELD, ME 04487 is $197,175 as of March 2026, a 13.9% decrease from $229,000 the prior year.

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

Homes in SPRINGFIELD, ME 04487 spend an average of 143 days on the market before going under contract, compared to 220 days the prior year.

Is it a seller's or buyer's market in SPRINGFIELD, ME 04487?

Based on current inventory and days-on-market data as of March 2026, SPRINGFIELD, ME 04487 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 143 days on market compared to 220 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SPRINGFIELD, ME 04487 save an estimated $3,944 compared to a typical 5% commission on the median listing price of $197,175. 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.