The Portland housing market is very competitive. Homes in Portland receive 4 offers on average and sell in around 19 days. The median sale price of a home in Portland was $665K last month, up 40.6% since last year. The median sale price per square foot in Portland is $384, down 16.7% since last year.
What is the housing market like in Portland today?
In March 2024, Portland home prices were up 40.6% compared to last year, selling for a median price of $665K. On average, homes in Portland sell after 19 days on the market compared to 8 days last year. There were 51 homes sold in March this year, down from 53 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$665,000
+40.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Portland, ME
$665,000
+40.6%
United States
To compare other locations to the Portland and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Portland's median sale price is 67% higher than the national average. Overall cost of living in Portland is 10% higher than the national average. 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 Portland housing market?
Portland is very competitive. Homes sell in 12.5 days.
0
100
72
Very 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 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 13 days.
Hot homes
can sell for about 8% above list price and go pending in around 5 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Portland
Explore recent offers and recently sold homes in Portland
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 Portland housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Portland.
Risk Factor
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Portland has a moderate risk of flooding. 2,947 properties in Portland are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Portland. Flood risk is increasing slower than the national average.
15% of properties are at risk of wildfire over the next 30 years
Fire Factor
Portland has a moderate risk of wildfire. There are 4,918 properties in Portland that have some risk of being affected by wildfire over the next 30 years. This represents 15% of all properties in Portland.
97% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Portland has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Portland is most at risk from hurricanes. 30,461 properties in 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 119 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 131 mph.