Photo: BMRR from en.wikipedia · CC BY-SA 3.0333 homes sold in Wells in the last year, at a typical $546K
Redfin reports Wells’ sales by ZIP code, so these figures are for ZIP 04090, which takes in Wells and the area around it. Houses and condos split the market almost evenly. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Wells homes are listed.
Every place Wells homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Wells.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
44% of Wells’ sales are condos, at $306K less than a house
178 houses and 147 condos sold in the year to May 2026. Condos sell faster. Houses draw more bidding wars.
typical sale · 178 sold in 12 months
- Per square foot
- $385ME $253
- Days to sell
- 58
- Sold over asking
- 27%
typical sale · 147 sold in 12 months
- Per square foot
- $409ME $376
- Days to sell
- 47
- Sold over asking
- 19%
Fewer homes sell than before 2022, at twice the 2016 price
333 sales in the last year, against 496 in 2021 and a low of 304 in 2023. The typical sale went from $266K in 2016 to $546K.
Source: Redfin Data Center, MLS sales; for ZIP 04090, which takes in Wells and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.
What $550K buys in Wells
Check a listing against what Wells homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Wells are more common than before the pandemic, but a third fewer homes come up for sale
We read every month of home sales in ZIP 04090 since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 333 sales.
If you’re buying in Wells
- Shop in October. It brings about 46 new listings a month, close to the busiest month, with fewer bidding wars (27% over asking).
- Bid near asking. Buyers paid 98.2% of the list price on average; 23% paid over.
- You’ll usually have time. Only 28% of homes go under contract within two weeks; the typical one takes 55 days.
Summer brings the homes; spring brings the bidding wars
July has the most new listings (about 51 a month), but May is the most competitive: 30% of May sales close over asking. September and October offer nearly as much choice with fewer homes bid up (28%). February has the least competition (21%) but only about 24 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Maine
| Wells now | 2017–19 | 2021 peak | ME now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 23% | 15% | 47% | 28% |
| Gone within two weeksShare of homes under contract within 14 days | 28% | 28% | 51% | 32% |
| Listings with a price cutShare of homes for sale that cut their price | — | — | — | 22% |
| Price paid vs. askingAverage sale price ÷ list price | 98.2% | 97.3% | 101.3% | 98.1% |
| Days to sellMedian days from listing to contract | 55 | 62 | 22 | 57 |
109 homes for sale on a typical day
That’s 1.8 times the 2022 low (62), 34% fewer than in 2017–19 and well under 2016’s 209.
Since 2019, houses are up 80%, condos 79%
A house typically sold for $664K in the last year (178 sales), a condo for $357K (147).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, ZIP code tracker; for ZIP 04090, which takes in Wells and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2016 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Wells home costs about $3,150 a month
Price: Wells’ typical sale, last 12 months. Property tax at Wells’ 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Wells is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. January has the fewest, about 22.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $546K home, about $3,620 a year.
Taxes vs. neighborsSchools
The schools grade for Wells, from test results, graduation and how much students grow.
Schools in WellsCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Kennebunk, West Kennebunk, South Berwick and Sanford sell for less a square foot; Cape Neddick and Kennebunkport for far more
The busier markets within 25 miles of Wells, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Wells (ZIP 04090) | 333 | $546K | $389 | 23% | 55 |
| Sanford | 284 | $378K | $257 | 36% | 43 |
| Kennebunk | 102 | $550K | $343 | 32% | 51 |
| Cape Neddick | 94 | $724K | $511 | 18% | 65 |
| South Berwick | 45 | $489K | $289 | 42% | 38 |
| Kennebunkport | 39 | $1.2M | $654 | 10% | 83 |
| West Kennebunk | 25 | $748K | $363 | 20% | 85 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Wells, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Wells. People who follow the town see it, and so do people comparing Wells with their own town. No commission, no listing fee.
Questions about buying a home in Wells
What do homes sell for in Wells, ME?
333 homes sold in the year to May 2026 at a typical $546K, $389 a square foot. Houses sold for about $664K, condos for about $357K.
Is Wells a buyer’s or seller’s market?
A buyer’s market: 126 homes were for sale in May 2026 and 19 sold, about 6.5 months of supply. Buyers paid 98.2% of asking on average.
When is the best time to buy in Wells?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Wells?
About 0.7% of a home’s value a year. On a $546K home that’s near $3,620.
Where can I see homes for sale in Wells?
Zillow, Redfin, Realtor.com and Homes.com all carry Wells’ MLS listings; the search links above open each one filtered to Wells.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 04090, which takes in Wells and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).