Market Intelligence · ME / Long Island

Long Island, ME 04050 Housing Market

The typical home value in Long Island, ME 04050 is $633,346, up 5.8% over the past year. With only 1 home for sale as of September 2026, the market is extremely tight. The median list price stands at $599,000, though homes are taking 85 days on market.

Updated September 2026Median value$633K

The median home value in Long Island, ME 04050 is $633K as of September 2026, up 5.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 04050 range

$583K to $684K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+5.8% over 12 months

Sep 2025$599K

Low $595KHigh $633K

Sep 2026$633K

The numbers

What is the 04050 housing market like?

As of September 2026

Typical home value

$633K

5.8%YoY

Median list price

$599K

0.0%MoM

Days on market

183.3%MoM

Homes for sale

50.0%MoM

Price cuts

0.0%

New listings

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

04050 housing market forecast 2027

+1.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 04050 to rise 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in 04050 rose 5.8%, per the Zillow Home Value Index.

Will home prices drop in 04050?

Zillow's forecast does not call for a drop: it expects typical home values in 04050 to rise 1.4% by September 2027, after a 5.8% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 04050 home prices compare?

04050$633,346
Long Island$633,346
Maine$338,600
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Long Island: 1 ZIP; Maine: 311 ZIPs; United States: 26,262 ZIPs).

Context

Long Island's residential market is characterized by minimal inventory. Only 1 home was listed as of September 2026, creating a supply shortage that typically favors sellers. The median list price of $599,000 sits slightly below the typical home value of $633,346, suggesting some price discipline in what little stock exists. Homes are spending 85 days on market, which is a measured pace for a rural Maine community. For sellers, the real constraint is the scarcity of competition, not strong buyer demand.

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Down payment20% · $126,669

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Common questions

What people ask us.

What is the typical home value in 04050?

The typical home value in Long Island is $633,346 as of September 2026, up 5.8% over the past year.

How long do homes typically take to sell here?

Median days on market is 85 days as of September 2026.

How much are homes listed for?

The median list price in 04050 is $599,000 as of September 2026.

Discover

Nearby ZIP markets.

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