03908South Berwick, ME Housing Market
$446,000median sale price
The 03908 zip code, located in South Berwick, ME, is currently classified as a leaning buyer's. The median sale price stands at $446,000, representing a -11.7% change year over year. Homes in this area spend an average of 63 days on the market before going under contract. There are currently 5 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 03908 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
17
Last 12 weeks
Days on market
63
Average pace
Active listings
5
Sale-to-list
98.6%
Below asking
Market trends
Market analysis for 03908
The 03908 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 98.6% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 03908 have declined -11.7% 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 03908 stands at $504,752, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
7,521
Median income
$96,701/yr
Median age
40.5 years
Owner-occupied
78.0%
College grads
36.0%
Avg commute
32 min
Living in 03908
Zip code 03908 is home to approximately 7,521 residents. The median household income is $96,701 per year, which shapes the types of homes and amenities available in the area. With a median age of 40.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 78.0% 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 36.0% 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 32 minutes, which is close to the national average. 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 03908.
Frequently asked questions about 03908
What is the median home price in 03908?
The current median sale price in 03908 is $446,000, based on recent Redfin transaction data. Prices have changed -11.7% 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 03908 a buyer's or seller's market?
The 03908 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 03908?
Zip code 03908 has a population of approximately 7,521 residents. The median household income is $96,701 per year. About 78.0% 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 03908?
Properties Incorporated provides comprehensive data for 03908 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 03908 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. Visit our data sources page to learn more about our data methodology and update schedules.
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