South Portland, ME Housing Market
The South Portland housing market is most competitive. The median sale price of a home in South Portland was $480K last month, down 9.0% since last year. The median sale price per square foot in South Portland is $397, up 10.0% since last year.
South Portland Housing Market Trends
In April 2024, South Portland home prices were down 9.0% compared to last year, selling for a median price of $480K. On average, homes in South Portland sell after 7 days on the market compared to 7 days last year. There were 13 homes sold in April this year, down from 16 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the South Portland housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 7 days.
- Hot homescan sell for about 11% above list price and go pending in around 6 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 13 days.
- Hot homescan sell for about 7% above list price and go pending in around 5 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 10 days.
- Hot homescan sell for about 9% above list price and go pending in around 5 days.
South Portland Migration & Relocation Trends
- Across the nation, 0.60% of homebuyers searched to move into South Portland from outside metros.
- Boston homebuyers searched to move into South Portland more than any other metro followed by New York and Washington.
- 70% of South Portland homebuyers searched to stay within the South Portland metropolitan area.
- Sarasota was the most popular destination among South Portland homebuyers followed by Bangor and Tucson.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,083 | ||
2 | 508 | ||
3 | 298 | ||
4 | 140 | ||
5 | 115 | ||
6 | 82 | ||
7 | 61 | ||
8 | 56 | ||
9 | 51 | ||
10 | 49 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 44 | ||
2 | 38 | ||
3 | 6 | ||
4 | 6 | ||
5 | 5 | ||
6 | 4 | ||
7 | 4 | ||
8 | 4 | ||
9 | 4 | ||
10 | 3 |
Home offer insights for South Portland
Recent offers
View houses in South Portland that sold recently
Recently sold homes
- $360,000 Last Sold Price3 beds1.5 baths1,378 sq ft19 Ashbourne Ct #19, South Portland, ME 04106List Price$350,000Sale to List3% over listDays on Market37 days19 Ashbourne Ct #19, South Portland, ME 04106
- $400,000 Last Sold Price2 beds1 bath792 sq ft159 School St, South Portland, ME 04106List Price$348,800Sale to List15% over listDays on Market21 days159 School St, South Portland, ME 04106
- $555,000 Last Sold Price3 beds1.5 baths1,114 sq ft31 Burwell Ave, South Portland, ME 04106List Price$445,000Sale to List25% over listDays on Market57 days31 Burwell Ave, South Portland, ME 04106
- $1,610,000 Last Sold Price4 beds3.5 baths3,120 sq ft4 Fisherman's Ln, South Portland, ME 04106List Price$1,750,000Sale to List8% under listDays on Market81 days4 Fisherman's Ln, South Portland, ME 04106
- $715,000 Last Sold Price3 beds1.5 baths1,123 sq ft54 Everett Ave, South Portland, ME 04106List Price$695,000Sale to List3% over listDays on Market22 days54 Everett Ave, South Portland, ME 04106
- $582,000 Last Sold Price3 beds2 baths1,901 sq ft25 Kelley St, South Portland, ME 04106List Price$525,000Sale to List11% over listDays on Market65 days25 Kelley St, South Portland, ME 04106
- $566,000 Last Sold Price2 beds2 baths1,512 sq ft125 Chase St, South Portland, ME 04106List Price$489,900Sale to List16% over listDays on Market23 days125 Chase St, South Portland, ME 04106
- $500,000 Last Sold Price5 beds2 baths1,440 sq ft12 Scott Rd, South Portland, ME 04106List Price$434,900Sale to List15% over listDays on Market23 days12 Scott Rd, South Portland, ME 04106
See all recently sold homes in South Portland.
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Schools in South Portland
- Elementary
- Middle
- High
GreatSchools Rating
5/10 Dora L Small Elementary School Public • K-5 | 261 Students | 3 reviews |
4/10 Frank I Brown Elementary School Public • K-5 | 280 Students | 8 reviews |
3/10 Dyer Elementary School Public • K-5 | 212 Students | 3 reviews |
2/10 Waldo T Skillin Elementary School Public • PreK-5 | 398 Students | 2 reviews |
2/10 James Otis Kaler Elementary School Public • PreK-5 | 259 Students | 7 reviews |
Climate's impact on South Portland housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in South Portland.
Flood Factor - Moderate
Flood Factor
Fire Factor - Minor
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Moderate
Heat Factor
Transportation in South Portland
Walk Score®
Bike Score®
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