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
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Portland, ME Housing Market
Seller's market-1.5% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Portland, ME is worth $559,175, fell 1.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $625,000, +8.4% year over year (through May 2026). With 2.7 months of supply and homes going under contract in about 24 days, Portland is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $559,175 home is about $2,985/mo in principal and interest.
Key numbers for Portland, ME
Typical home value
$559,175
-1.5% in 12 months
Zillow, August 2026
Typical asking rent
$2,419/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$625,000
+8.4% year over year
Redfin, through May 2026
Days on market
24
Average pace
Redfin, through May 2026
Active listings
184
2.7 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$76,174
Home costs 7.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.9%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Portland a buyer's or seller's market?
Seller's market2.7 months of supply24 days on market100.9% of asking
Portland, ME is a seller's market, based on 2.7 months of supply and homes selling in about 24 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Portland housing market data show?
Every row below is Redfin's final published month for Portland, ME. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $625,000 |
| Median list price | $599,000 |
| Year-over-year price change | +8.4% |
| Median price per sq ft | $429/sq ft |
| Median days on market | 24 days |
| Active inventory | 184 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 100.9% |
| Homes sold (that month) | 67 |
| New listings (that month) | 107 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Portland is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Portland is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Portland home prices moved?
Over the last three years the median sale price in Portland, ME rose 10.6%, from $565,000 to $625,000. The live Zillow value series has fell 1.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 25.0% of Portland listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.7 months while the sale-to-list ratio slips below its current 100.9%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Portland?
Priced off the typical home value of $559,175 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $111,835 | $447,340 | $2,985/mo |
| 5% | $27,959 | $531,217 | $3,545/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,985, that implies roughly $127,936 a year before you add taxes and insurance. The median household in Portland earns $76,174, about $51,762 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 7.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Portland in the next 12 months?
Tell us your timeline. We send the Portland market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Portland?
Typical asking rent in Portland, ME is $2,419/mo, against a typical home value of $559,175. That is a price-to-rent ratio of 19.3x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $2,985 a month — $567 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Portland?
Active listings in Portland, ME went from 207 in May 2025 to 184 in May 2026, a -11.1% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 180 | 80 |
| July 2025 | 195 | 90 |
| August 2025 | 205 | 92 |
| September 2025 | 225 | 115 |
| October 2025 | 196 | 67 |
| November 2025 | 170 | 47 |
| December 2025 | 143 | 36 |
| January 2026 | 138 | 51 |
| February 2026 | 138 | 45 |
| March 2026 | 147 | 71 |
| April 2026 | 169 | 96 |
| May 2026 | 184 | 107 |
Redfin, through May 2026
How does Portland compare to Maine and the U.S.?
Portland homes sell for $625,000 — 42% above the Maine median of $439,200. Against the national median of $410,700, Portland runs 52% higher. Year-over-year, Portland moved +8.4% against Maine's +3.0% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Portland, ME | $625,000 | +8.4% | 24 days |
| Maine statewide | $439,200 | +3.0% | 45 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Portland
What buyers should watch
- Months of supply, currently 2.7. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 25.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $560 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $559,175 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Portland listing goes under contract in 24 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.9% of asking. Price at the number you want and let competition do the rest.
- In the last published month Portland added 107 new listings against 67 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -1.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Portland varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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.
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
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
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
View photos & details
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
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
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
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
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
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
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
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%
How much do homes cost in Portland by property type?
How the Portland, ME market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $625,000 | $407/sq ft | 33 | 15 days |
| Condo / co-op | $600,000 | $544/sq ft | 23 | 19 days |
| Townhouse | $465,000 | $260/sq ft | 1 | 148 days |
Who lives in Portland?
American Community Survey estimates for Portland. U.S. Census ACS, 2023
Population
68,505
Households
32,393
Median income
$76,174/yr
Median age
37.5 years
Owner-occupied
46.7%
Median home value
$452,600
Median gross rent
$1,487/mo
Mean commute
19.9 min
46.7% of occupied homes in Portland are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $452,600 against Zillow's $559,175 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,487/mo, below Zillow's $2,419/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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
Deering High School
Grades 9-12 · 836 students
Harrison Lyseth Elem School
Grades PK-5 · 494 students
Lyman Moore Middle School
Grades 6-8 · 483 students
Amanda C Rowe School
Grades PK-5 · 481 students
Howard C Reiche Community Sch
Grades PK-5 · 463 students
King Middle School
Grades 6-8 · 442 students
Lincoln Middle School
Grades 6-8 · 418 students
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?
Ordered by distance from Portland, not by size. Compare Portland side by side with any of them.
Which ZIP codes are in Portland?
These are the ZIP codes we see on active Portland listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Portland housing market FAQ
Is Portland a buyer's or seller's market?
Portland, ME is currently a seller's market. That read comes from 2.7 months of supply, homes going under contract in about 24 days, and sellers getting 100.9% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Portland?
The typical home in Portland, ME is worth $559,175 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $625,000, about $429 per square foot.
Is Portland cheaper than the rest of Maine?
Portland's median sale price of $625,000 is 42% higher than the Maine statewide median of $439,200, and 52% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Portland?
Homes in Portland, ME spent a median of 24 days on market before going under contract, versus 45 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Portland?
At the current 30-year fixed rate of 7.03%, 20% down on a $559,175 home is about $2,985 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $127,936 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $76,174.
Are home prices rising in Portland?
The typical home value in Portland, ME fell 1.5% over the last 12 months, from $567,545 to $559,175 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Portland?
Portland ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Portland?
That depends on your timeline, not on a headline. What the data says today: Portland, ME is a seller's market with 2.7 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 19.3x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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