04412
$285,000median sale price
The 04412 zip code, located in Mechanic Falls, ME, is currently classified as a leaning buyer's. The median sale price stands at $285,000, representing a -3.4% change year over year. Homes in this area spend an average of 53 days on the market before going under contract. There are currently 24 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 04412 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
20
Last 12 weeks
Days on market
53
Average pace
Active listings
24
Sale-to-list
98.7%
Below asking
Market trends
Market analysis for 04412
The 04412 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 98.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 04412 have declined -3.4% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 04412 stands at $290,146, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,533 per month. This gives a price-to-rent ratio of approximately 15.8, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
9,633
Median income
$55,870/yr
Median age
39 years
Owner-occupied
5770.0%
College grads
3080.0%
Avg commute
17.1 min
Living in 04412
Zip code 04412 is home to approximately 9,633 residents. The median household income is $55,870 per year, which shapes the types of homes and amenities available in the area. With a median age of 39 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 5770.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 3080.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 17.1 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 04412.
Frequently asked questions about 04412
What is the median home price in 04412?
The current median sale price in 04412 is $285,000, based on recent Redfin transaction data. Prices have changed -3.4% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 04412 a buyer's or seller's market?
The 04412 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 04412?
Zip code 04412 has a population of approximately 9,633 residents. The median household income is $55,870 per year. About 5770.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 04412?
Properties Incorporated provides comprehensive data for 04412 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 04412 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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