The Downtown Portland housing market is somewhat competitive. The median sale price of a home in Downtown Portland was $863K last month, up 45.0% since last year. The median sale price per square foot in Downtown Portland is $601, down 12.4% since last year.
What is the housing market like in Downtown Portland today?
In May 2024, Downtown Portland home prices were up 45.0% compared to last year, selling for a median price of $863K. On average, homes in Downtown Portland sell after 27 days on the market compared to 9 days last year. There were 21 homes sold in May this year, up from 19 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$863,000
+45.0% YoY | May 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2024
Growth
% YoY
Downtown Portland, ME
$863,000
+45.0%
United States
To compare other locations to the Downtown Portland and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Portland add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Downtown Portland housing market?
Downtown Portland is somewhat competitive. Homes sell in 19 days.
0
100
69
Somewhat Competitive
Redfin Compete Score™
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 6 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 19 days.
Hot homes
can sell for about 3% above list price and go pending in around 6 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Portland housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Portland.
Risk Factor
Flood Factor - Major
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Portland has a major risk of flooding. 66 properties in Downtown Portland are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Downtown Portland. Flood risk is increasing faster than the national average.
89% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Portland has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Portland is most at risk from hurricanes. 669 properties in Downtown Portland have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 111 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 124 mph.
84% of properties are at major
risk of heat over the next 30 years
Heat Factor
Downtown Portland has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 84% of homes in Downtown Portland have a Major Heat Factor®.
Downtown Portland is expected to see a 157% increase in the number of days over 87ºF over the next 30 years. Downtown Portland is expected to experience 6