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HOPE, ME 04847

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

Market Analysis

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

The HOPE, ME real estate market (04847) currently shows 1 active listings, with 1 pending sales. Homes are averaging 114 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 taking longer to sell, averaging 114 days on market compared to 42 days last year.

The median listing price has fallen 34.6% year-over-year, from $1,200,000 to $785,000.

Whether you are buying or selling in HOPE, 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: 1,795  ·  Density: 31.6/mi²  ·  Median household income: $81,343

Typical home value: $258,948  ·  Homeownership: 90.4%

Market Overview

Active Listings
1
⇩ 50% vs 2 last year
Pending
1
100% pending ratio
Median Price
$785,000
⇩ 34.6% vs $1,200,000 last year
Average Price
$785,000
⇩ 34.6% vs $1,200,000 last year
Days on Market
114
⇧ 171.4% vs 42 days last year

Price Per Square Foot

Median $/sqft
$550
⇧ 44.4% vs $381/sqft last year
Median Home Size
1,428 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 2 last year
  • Days on market: 114 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $785,000 (-34.6% YoY)
  • Average: $785,000 (-34.6% 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
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 19.1 miles — 120 listings ($96,293,962 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
04847Hope, ME 048470.0 mi2$1,570,000$785,000$785,000
04843Camden, ME 048435.2 mi20$24,913,160$1,306,250$1,245,658
04973Searsmont, ME 049737.7 mi3$1,203,249$384,250$401,083
04864Warren, ME 048648.8 mi9$3,789,000$422,000$421,000
04574Washington, ME 0457410.1 mi8$3,132,568$364,000$391,571
04861Thomaston, ME 0486110.9 mi10$3,406,880$357,000$340,688
04572Waldoboro, ME 0457213.2 mi14$8,342,698$389,000$595,907
04848Islesboro, ME 0484814.5 mi17$27,993,560$599,000$1,646,680
04354Palermo, ME 0435415.4 mi4$1,919,900$374,950$479,975
04941Freedom, ME 0494115.8 mi7$2,330,860$359,900$332,980
04563Cushing, ME 0456316.6 mi11$8,719,568$773,500$792,688
04555Nobleboro, ME 0455517.4 mi7$5,141,983$572,450$734,569
04547Friendship, ME 0454719.1 mi8$3,830,536$365,500$478,817

Frequently Asked Questions

How many homes are for sale in HOPE, ME 04847?

As of March 2026, there are 1 active listings in HOPE, ME (zip code 04847), compared to 2 the prior year.

What is the median home price in HOPE, ME 04847?

The median listing price in HOPE, ME 04847 is $785,000 as of March 2026, a 34.6% decrease from $1,200,000 the prior year.

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

Homes in HOPE, ME 04847 spend an average of 114 days on the market before going under contract, compared to 42 days the prior year.

Is it a seller's or buyer's market in HOPE, ME 04847?

Based on current inventory and days-on-market data as of March 2026, HOPE, ME 04847 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 114 days on market compared to 42 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HOPE, ME 04847 save an estimated $15,700 compared to a typical 5% commission on the median listing price of $785,000. 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.