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Sarah Mitchell

CNESRESABR

Compass Real Estate · Portland, ME

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Portland, ME(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Portland, ME Housing Market & Real Estate

Seller's market+8.4% YoY

Housing market overview · Updated monthly ·

$625,000median sale price

How is the Portland, ME housing market right now?

The median home sale price in Portland, ME is $625,000, up 8.4% year-over-year. Homes sell in an average of 24 days with 184 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Portland a buyer's or seller's market?

Seller's market2.7 months of supply24 avg. days on market

Portland, ME is currently a seller's market, based on 2.7 months of supply and homes selling in about 24 days. How we determine this →

Homes sold

67

Last 12 weeks

Days on market

24

Average pace

Active listings

184

2.7 months supply

Sale-to-list

100.9%

Above asking

What does the Portland housing market data show?

Current housing market statistics for Portland, ME
MetricValue
Median sale price$625,000
Median list price$599,000
Year-over-year price change+8.4%
Average days on market24 days
Active inventory184 listings
Months of supply2.7 months
Sale-to-list price ratio100.9%
Median price per sq ft$429/sq ft
Homes sold (latest month)67
New listings (latest month)107
Listings with a price cut25.0%
Market conditionSeller's market

Source: Redfin · Updated monthly

How much do homes cost in Portland by property type?

How the Portland, ME market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Portland, ME
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$625,000$407/sq ft3315 days
Condo / Co-op$600,000$544/sq ft2319 days
Townhouse$465,000$260/sq ft1148 days

Source: Redfin · Updated monthly

The Portland housing market is currently classified as a seller's market with a median sale price of $625,000. Prices have risen 8.4% compared to last year, with homes spending an average of 24 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.5x provides context for how home values compare to local earning capacity.

Homes for sale in Portland

There are currently 184 homes listed for sale in Portland, Maine. The median listing price is $599K. Featured listings range from $268,800 to $2,000,000.

1 bedroom condo for sale at 65 Dougherty Ct Unit 106 Portland 04102 - $268,800
New Build
20
$268,800

65 Dougherty Ct Unit 106

Portland, ME 04102

1 bd1 ba512 sqft$525/ft²
Condo

Jason Saphire · www.HomeZu.com

View photos & details
2 bedroom house for sale at 181 Taft Ave Portland 04102 - $429,900
New Listing
10
$429,900

181 Taft Ave

Portland, ME 04102

2 bd1 ba1,296 sqft$332/ft²
House11,326 sqft lot

William Mandell · Cameron Prestige LLC

View photos & details
3 bedroom house for sale at 189 Holm Ave Portland 04102 - $449,000
New Listing
21
$449,000

189 Holm Ave

Portland, ME 04102

3 bd2 ba2,304 sqft$195/ft²
House10,019 sqft lot

Lisa Church · Keller Williams Coastal and Lakes & Mountains Realty

View photos & details
3 bedroom house for sale at 130 Lane Ave Portland 04103 - $449,900
New Listing
54
$449,900

130 Lane Ave

Portland, ME 04103

3 bd2 ba1,574 sqft$286/ft²
House7,841 sqft lot

Benjamin Royal · Locations Real Estate Group LLC

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2 bedroom house for sale at 20 Tucker Ave Portland 04103 - $479,900
New Listing
49
$479,900

20 Tucker Ave

Portland, ME 04103

2 bd1 ba1,164 sqft$412/ft²
House6,534 sqft lot

John Parvin · Dan Anderson Real Estate, Inc.

View photos & details
3 bedroom house for sale at 7 Abbott St Portland 04103 - $645,000
New Listing
46
$645,000

7 Abbott St

Portland, ME 04103

3 bd2 ba1,842 sqft$350/ft²
House5,663 sqft lot

Rachel Davey · Vitalius Real Estate Group, LLC

View photos & details
2 bedroom condo for sale at 25 High St Unit 212 Portland 04101 - $660,000
New Listing
20
$660,000

25 High St Unit 212

Portland, ME 04101

2 bd2 ba1,185 sqft$557/ft²
Condo1.53 acres

Melanie Crane Michael Navarro · Elevate Maine Realty

View photos & details
3 bedroom condo for sale at 122 Neal St Apt 3N Portland 04102 - $745,000
New Listing
28
$745,000

122 Neal St Apt 3N

Portland, ME 04102

3 bd2 ba1,525 sqft$489/ft²
Condo

Edmund Gardner Iii · Gardner Real Estate Group

View photos & details
2 bedroom condo for sale at 167 Newbury St Apt 206 Portland 04101 - $825,000
New Listing
46
$825,000

167 Newbury St Apt 206

Portland, ME 04101

2 bd2 ba1,125 sqft$733/ft²
Condo

Heather Shields · Legacy Properties Sotheby's International Realty

View photos & details
3 bedroom house for sale at 252 Seashore Ave Portland 04108 - $1,179,000
New Listing
50
$1,179,000

252 Seashore Ave

Portland, ME 04108

3 bd1 ba1,392 sqft$847/ft²
House32,670 sqft lot

Susan Lessard · Portside Real Estate Group

View photos & details
multi-family for sale at 68 Pleasant St Portland 04101 - $1,250,000
New Listing
45
$1,250,000

68 Pleasant St

Portland, ME 04101

4 ba3,260 sqft$383/ft²
Multi-family1,742 sqft lot

John Hayes · Keller Williams Realty

View photos & details
multi-family for sale at 104 Monument St Portland 04101 - $2,000,000
New Listing
11
$2,000,000

104 Monument St

Portland, ME 04101

3 ba4,896 sqft$408/ft²
Multi-family5,663 sqft lot

Alexander Munsell · Real Broker

View photos & details

Looking to buy in Portland?

Get connected with a local real estate expert — free, no obligation.

Active listings

184

Homes on market

Median list price

$599K

Avg. days on market

24

Days until sale

New this week

107

Newly listed

Price drops:25.0%of listings
Sale-to-list:100.9%

Who lives in Portland?

Population

68,505

Median income

$76,174/yr

Median age

37.5 years

Owner-occupied

46.7%

College grads

59.2%

Avg commute

19.9 min

Source: U.S. Census Bureau ACS

What are homes worth in Portland?

Zillow home value

$571,364

Zillow rent index

$2,429/mo

Price-to-rent ratio

19.6x

Price-to-income

7.5x

Source: Zillow Research

What is it like to live in Portland?

Portland is a community of approximately 69K residents with a median age of 37.5 years.The median household income is $76,174, which reflects a relatively affluent area with strong earning potential. 59.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.

Homeownership rates are at 46.7%, showing a blend of owner and renter-occupied properties. The average commute time is 19.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Portland offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Portland?

16 schools tracked · 6,970 students

The largest public schools serving Portland, ME by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

Portland High School

Grades 9-12 · 968 students

Public

Deering High School

Grades 9-12 · 836 students

Public

Harrison Lyseth Elem School

Grades PK-5 · 494 students

Public

Lyman Moore Middle School

Grades 6-8 · 483 students

Public

Amanda C Rowe School

Grades PK-5 · 481 students

Public

Howard C Reiche Community Sch

Grades PK-5 · 463 students

Public

King Middle School

Grades 6-8 · 442 students

Public

Lincoln Middle School

Grades 6-8 · 418 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Which cities are near Portland, ME?

Want a head-to-head view? Compare Portland side-by-side with any other U.S. city using our market-comparison tool.

Which ZIP codes are in Portland?

Is Portland a good real estate investment market?

For investors evaluating Portland, the price-to-rent ratio of 19.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 8.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Portland's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Portland's median home price.

Frequently asked questions

What is the average home price in Portland?

The median home sale price in Portland is $625,000, up 8.4% from last year.

How long do homes stay on market in Portland?

Homes typically spend 24 days on market before going under contract.

What is the median income in Portland?

The median household income is $76,174 per year.

Is Portland a buyer's or seller's market?

With 2.7 months of supply, Portland is currently a seller's market.

How many homes are for sale in Portland?

There are currently 184 homes listed for sale in Portland, ME.

What is the Zillow home value estimate for Portland?

The Zillow Home Value Index (ZHVI) for Portland is $571,364, representing the typical home value in the area.

What is the median condo price in Portland?

The median condo/co-op sale price in Portland, ME is $600,000, compared to $625,000 for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Portland?

The median single-family home price in Portland, ME is $625,000 (about $407 per square foot).

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