Portland, ME Home Values & Market Trends
Real estate market trends reflect that there have been 826 transactions over the past year in Portland. The median value for residential home transactions that occurred over the previous year is $572,919.05. The number of current listings in Portland is 12, and the percentage of properties for sale in the city is 12.00%. Portland, ME currently has 7 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 12 properties for sale.
Portland, ME Real Estate Market Overview
Housing Market Summary for Portland, ME
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $485.5K | $536.6K | 10.53% |
| Median Sold Price | $481K | $536.6K | 11.57% |
| Homes For Sale | 20 | 15 | -25.00% |
| Homes Sold | 313 | 318 | 1.60% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Portland, ME
Browse Homes in Portland, ME
Portland home values range from $78,488 to $4,351,705. The median estimated value of a home in Portland is $572,919.05. The median list price of a home is 652,500, and the total count of properties in the city is 18,036.
- Pre-ForeclosurePre-foreclosure homes account for 0.04% of all residential properties in Portland, ME with 04103 containing 4 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 4 zips within Portland, ME; of those zips, the estimated home value for pre-foreclosure homes ranges from $777,417 in 04103 to the lowest home value of $414,750 in 04102.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Portland, ME ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Portland, ME. There are 4 zips within Portland, ME; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Portland, ME. Auction homes and other auction properties account for 0% of all properties in Portland, ME. There are 4 zips within Portland, ME; of those zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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