Portland, ME Housing Market
The Portland housing market is somewhat 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 $431, up 14.0% since last year.
Portland Housing Market Trends
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.
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How hot is the 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
- Some homes get multiple offers.
- The average homes sell for about 3% above list price and go pending in around 19 days.
- Hot homescan sell for about 8% 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 14 days.
- Hot homescan sell for about 6% 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 around list price and go pending in around 31 days.
- Hot homescan sell for about 2% above list price and go pending in around 8 days.
Portland Migration & Relocation Trends
- Across the nation, 0.59% of homebuyers searched to move into Portland from outside metros.
- Boston homebuyers searched to move into Portland more than any other metro followed by New York and Washington.
- 70% of Portland homebuyers searched to stay within the Portland metropolitan area.
- Sarasota was the most popular destination among Portland homebuyers followed by Bangor and Tucson.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 3,041 | ||
2 | 479 | ||
3 | 291 | ||
4 | 131 | ||
5 | 111 | ||
6 | 95 | ||
7 | 57 | ||
8 | 57 | ||
9 | 55 | ||
10 | 43 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 43 | ||
2 | 28 | ||
3 | 13 | ||
4 | 5 | ||
5 | 5 | ||
6 | 5 | ||
7 | 4 | ||
8 | 4 | ||
9 | 3 | ||
10 | 3 |
View houses in Portland that sold recently
Recently sold homes
- $440,000 Last Sold Price2 beds1.5 baths936 sq ft66 Spruce St #5, Portland, ME 04102List Price$448,000Sale to List2% under listDays on Market82 days66 Spruce St #5, Portland, ME 04102
- $1,600,000 Last Sold Price6 beds3 baths4,182 sq ft22 Vesper St, Portland, ME 04101List Price$1,650,000Sale to List3% under listDays on Market49 days22 Vesper St, Portland, ME 04101
- $570,000 Last Sold Price3 beds1 bath1,075 sq ft11 Hall St, Portland, ME 04103List Price$530,000Sale to List8% over listDays on Market33 days11 Hall St, Portland, ME 04103
- $775,000 Last Sold Price1 bed1 bath1,113 sq ft150 Middle St Unit 3E, Portland, ME 04101List Price$750,000Sale to List3% over listDays on Market48 days150 Middle St Unit 3E, Portland, ME 04101
- $930,000 Last Sold Price4 beds1.5 baths2,466 sq ft89 Sunset Ave, Portland, ME 04109List Price$980,000Sale to List5% under listDays on Market204 days89 Sunset Ave, Portland, ME 04109
- $960,000 Last Sold Price4 beds1.5 baths2,376 sq ft42 Chenery St, Portland, ME 04103List Price$925,000Sale to List4% over listDays on Market40 days42 Chenery St, Portland, ME 04103
- $530,000 Last Sold Price3 beds2 baths1,900 sq ft18 Massachusetts Ave #2, Portland, ME 04102List Price$529,000Sale to List0% over listDays on Market67 days18 Massachusetts Ave #2, Portland, ME 04102
- $1,450,000 Last Sold Price3 beds3.5 baths2,088 sq ft383 Commercial St #511, Portland, ME 04101List Price$1,500,000Sale to List3% under listDays on Market1 day383 Commercial St #511, Portland, ME 04101
See all recently sold homes in Portland.
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Schools in Portland
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Longfellow School-Portland Public • K-5 | 276 Students | 5 reviews |
5/10 Dora L Small Elementary School Public • K-5 | 261 Students | 2 reviews |
4/10 Frank I Brown Elementary School Public • K-5 | 280 Students | 8 reviews |
4/10 Ocean Avenue Public • K-5 | 341 Students | 2 reviews |
3/10 Harrison Lyseth Elementary School Public • PreK-5 | 490 Students | 4 reviews |
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.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Moderate
Heat Factor
Transportation in Portland
Walk Score®
Transit Score®
Bike Score®
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