Published September 24, 2026 in Market Update

03840 has more inventory, even with prices up

By Lais F

Real estate, Sea Coast

More inventory with higher prices is an unusual combination. It means buyers in 03840 are not being forced into a decision. They can compare. That changes what it takes to sell.

The Real Estate Data Aggregator counted 35 homes for sale in 03840 in the three months ending July 31, 2026. That is up 52.2% from the same period a year before. At the same time, the median sale price rose 8.8% to $972,500. Nationally, the Federal Housing Finance Agency reported U.S. house prices rose 2.1% year over year through the second quarter of 2026. So 03840 is outpacing the country on price, even as local supply grows.

More supply, but the right homes still move

Fifty days is the median time a home sat before selling in 03840. That is longer than most ZIP codes in this market. But here is the other side: the Real Estate Data Aggregator found that 56.5% of homes went under contract within two weeks of listing. That is a wide gap. Some homes are selling fast. Others are sitting. Price and condition are doing the sorting.

At 6.3 months of supply, 03840 sits above the line most agents call balanced. The Real Estate Data Aggregator shows that is up 2.8 months from a year ago. Buyers have time and choices. That is a real shift from the tighter market of 2025.

Sellers are still getting close to their asking price

The Real Estate Data Aggregator put the average sale price as a share of list price at 100.1% in 03840. That means sellers, on average, got just above what they asked. And 41.2% of homes sold above list price. That figure is down 3.8 points from a year ago, so a little less competition than before. But homes priced well are still drawing offers.

The wider picture

Freddie Mac put the average 30-year fixed mortgage rate at 6.95% as of September 17, 2026. That rate shapes what buyers can afford. It also shapes how many buyers are active. In a market like 03840, where the median sale price is $972,500, a rate near 7% narrows the pool. That is one more reason pricing carefully matters right now.

Realtor.com reported that 20.4% of listings nationally saw a price cut in August 2026. That is a useful reference point. In 03840, sellers are still averaging at or above list. But with 6.3 months of supply locally, the gap between a well-priced home and an overpriced one is growing.

These numbers cover all of 03840. One street can read very differently from the ZIP code as a whole. If you want to know where your home sits in this market, text me your address.