South Portland, ME Housing Market
The South Portland housing market is most competitive. The median sale price of a home in South Portland was $505K last month, down 4.3% since last year. The median sale price per square foot in South Portland is $408, up 16.7% since last year.
South Portland Housing Market Trends
In April 2024, South Portland home prices were down 4.3% compared to last year, selling for a median price of $505K. On average, homes in South Portland sell after 7 days on the market compared to 7 days last year. There were 14 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 3% above list price and go pending in around 11 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 9 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, 0.63% 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 Jacksonville.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,341 | ||
2 | 552 | ||
3 | 331 | ||
4 | 163 | ||
5 | 129 | ||
6 | 96 | ||
7 | 63 | ||
8 | 62 | ||
9 | 61 | ||
10 | 53 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 48 | ||
2 | 40 | ||
3 | 8 | ||
4 | 7 | ||
5 | 7 | ||
6 | 7 | ||
7 | 6 | ||
8 | 5 | ||
9 | 5 | ||
10 | 3 |
Home offer insights for South Portland
Recent offers
View houses in South Portland that sold recently
Recently sold homes
- $430,000 Last Sold Price3 beds2 baths1,331 sq ft32 Greenbriar Way Unit 3-2, South Portland, ME 04106List Price$415,000Sale to List4% over listDays on Market55 days32 Greenbriar Way Unit 3-2, South Portland, ME 04106
- $600,000 Last Sold Price5 beds2 baths1,740 sq ft883 Broadway, South Portland, ME 04106List Price$579,000Sale to List4% over listDays on Market63 days883 Broadway, South Portland, ME 04106
- $875,000 Last Sold Price4 beds2 baths2,156 sq ft14 Brookside Ave, South Portland, ME 04106List Price$890,000Sale to List2% under listDays on Market43 days14 Brookside Ave, South Portland, ME 04106
- $527,000 Last Sold Price3 beds1.5 baths1,288 sq ft26 Kenneth Rd, South Portland, ME 04106List Price$499,000Sale to List6% over listDays on Market27 days26 Kenneth Rd, 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
- $345,000 Last Sold Price2 beds1 bath738 sq ft148 Breakwater Dr #309, South Portland, ME 04106List Price$345,000Sale to List0% over listDays on Market9 days148 Breakwater Dr #309, 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
- $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
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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