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SMITHFIELD, ME 04978

Real Estate Market Report  ·  Somerset County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The SMITHFIELD, ME real estate market (04978) currently shows 4 active listings. Homes are averaging 81 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 81 days on market compared to 12 days last year.

The median listing price has fallen 19.2% year-over-year, from $417,000 to $336,750.

Whether you are buying or selling in SMITHFIELD, 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: 943  ·  Density: 18.3/mi²  ·  Median household income: $101,932

Typical home value: $201,236  ·  Homeownership: 91.8%

Market Overview

Active Listings
4
⇧ 300% vs 1 last year
Pending
0
0% pending ratio
Median Price
$336,750
⇩ 19.2% vs $417,000 last year
Average Price
$578,350
⇧ 38.7% vs $417,000 last year
Days on Market
81
⇧ 575% vs 12 days last year

Price Per Square Foot

Median $/sqft
$216
⇧ 3.3% vs $209/sqft last year
Median Home Size
1,704 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 1 last year
  • Days on market: 81 now vs 12 last year

Median & Average Pricing

Year over Year
  • Median: $336,750 (-19.2% YoY)
  • Average: $578,350 (+38.7% 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 21.1 miles — 202 listings ($70,873,113 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
04978Smithfield, ME 049780.0 mi3$878,400$290,000$292,800
04957Norridgewock, ME 049575.2 mi6$2,246,700$246,950$374,450
04955New Sharon, ME 049559.8 mi3$837,000$289,000$279,000
04911Anson, ME 0491112.6 mi7$1,552,467$199,675$221,781
04976Skowhegan, ME 0497613.2 mi31$9,457,511$286,725$305,081
04950Madison, ME 0495013.7 mi23$5,155,726$239,900$224,162
04938Farmington, ME 0493814.6 mi21$7,337,736$298,500$349,416
04989Vassalboro, ME 0498916.2 mi19$9,403,442$429,975$494,918
04349Kents Hill, ME 0434918.8 mi4$1,708,000$367,000$427,000
04330Augusta, ME 0433019.0 mi67$25,792,655$293,750$384,965
04910Albion, ME 0491019.8 mi4$1,257,200$272,900$314,300
04967Pittsfield, ME 0496720.4 mi7$1,953,742$272,000$279,106
04351Manchester, ME 0435121.1 mi7$3,292,534$406,175$470,362

Frequently Asked Questions

How many homes are for sale in SMITHFIELD, ME 04978?

As of March 2026, there are 4 active listings in SMITHFIELD, ME (zip code 04978), compared to 1 the prior year.

What is the median home price in SMITHFIELD, ME 04978?

The median listing price in SMITHFIELD, ME 04978 is $336,750 as of March 2026, a 19.2% decrease from $417,000 the prior year.

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

Homes in SMITHFIELD, ME 04978 spend an average of 81 days on the market before going under contract, compared to 12 days the prior year.

Is it a seller's or buyer's market in SMITHFIELD, ME 04978?

Based on current inventory and days-on-market data as of March 2026, SMITHFIELD, ME 04978 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 81 days on market compared to 12 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SMITHFIELD, ME 04978 save an estimated $6,735 compared to a typical 5% commission on the median listing price of $336,750. 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.