New Listing
9
$300,000
148 Breakwater Dr Unit 619
South Portland, ME 04106
1 bd1 ba567 sqft$529/ft²
Condo16.12 acres
Edward Getty · Getty Real Estate Services, LLC
View photos & details
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South Portland, ME Housing Market
Seller's market+0.7% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in South Portland, ME is worth $522,512, rose 0.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $516,500, -0.5% year over year (through May 2026). With 1.3 months of supply and homes going under contract in about 37 days, South Portland is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $522,512 home is about $2,789/mo in principal and interest.
Key numbers for South Portland, ME
Typical home value
$522,512
+0.7% in 12 months
Zillow, August 2026
Typical asking rent
$2,492/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$516,500
-0.5% year over year
Redfin, through May 2026
Days on market
37
Average pace
Redfin, through May 2026
Active listings
44
1.3 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
$84,563
Home costs 6.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.7%
Selling below 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 South Portland a buyer's or seller's market?
Seller's market1.3 months of supply37 days on market98.7% of asking
South Portland, ME is a seller's market, based on 1.3 months of supply and homes selling in about 37 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the South Portland housing market data show?
Every row below is Redfin's final published month for South Portland, ME. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $516,500 |
| Median list price | $514,900 |
| Year-over-year price change | -0.5% |
| Median price per sq ft | $365/sq ft |
| Median days on market | 37 days |
| Active inventory | 44 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 98.7% |
| Homes sold (that month) | 34 |
| New listings (that month) | 47 |
| Listings with a price cut | 15.9% |
| 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 South Portland is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in South 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 South Portland home prices moved?
Over the last three years the median sale price in South Portland, ME rose 14.8%, from $450,000 to $516,500. The live Zillow value series has rose 0.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. 15.9% of South 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 1.3 months while the sale-to-list ratio slips below its current 98.7%. 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 South Portland?
Priced off the typical home value of $522,512 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% | $104,502 | $418,010 | $2,789/mo |
| 5% | $26,126 | $496,387 | $3,312/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 $2,789, that implies roughly $119,548 a year before you add taxes and insurance. The median household in South Portland earns $84,563, about $34,985 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 6.2x — 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 South Portland in the next 12 months?
Tell us your timeline. We send the South 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 South Portland?
Typical asking rent in South Portland, ME is $2,492/mo, against a typical home value of $522,512. That is a price-to-rent ratio of 17.5x, 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 $2,789 a month — $298 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 South Portland?
Active listings in South Portland, ME went from 49 in May 2025 to 44 in May 2026, a -10.2% 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 | 60 | 42 |
| July 2025 | 57 | 42 |
| August 2025 | 51 | 29 |
| September 2025 | 65 | 36 |
| October 2025 | 75 | 43 |
| November 2025 | 59 | 17 |
| December 2025 | 50 | 15 |
| January 2026 | 51 | 17 |
| February 2026 | 45 | 17 |
| March 2026 | 39 | 30 |
| April 2026 | 37 | 27 |
| May 2026 | 44 | 47 |
Redfin, through May 2026
How does South Portland compare to Maine and the U.S.?
South Portland homes sell for $516,500 — 18% above the Maine median of $439,200. Against the national median of $410,700, South Portland runs 26% higher. Year-over-year, South Portland moved -0.5% against Maine's +3.0% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| South Portland, ME | $516,500 | -0.5% | 37 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 South Portland
What buyers should watch
- Months of supply, currently 1.3. 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 15.9%. 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 $523 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 $522,512 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 South Portland listing goes under contract in 37 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 98.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month South Portland added 47 new listings against 34 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +0.7% 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 South Portland varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in South Portland
There are currently 44 homes listed for sale in South Portland, Maine. The median listing price is $515K. Featured listings range from $300,000 to $1,295,000.
New Listing
21
$375,000
148 Breakwater Dr Unit 209
South Portland, ME 04106
2 bd1 ba738 sqft$508/ft²
Condo
Richard Beal · Coldwell Banker Realty
View photos & details
33
$380,000
245 Broadway Apt 202
South Portland, ME 04106
2 bd2 ba1,060 sqft$358/ft²
Condo
Elizabeth Banwell · Legacy Properties Sotheby's International Realty
View photos & details
New Listing
17
$410,000
18 Ocean St Apt 53
South Portland, ME 04106
2 bd1 ba836 sqft$490/ft²
Townhouse
Emile Demers · Better Homes & Gardens Real Estate/The Masiello Group
View photos & details
40
$479,999
54 Granby Rd
South Portland, ME 04106
3 bd2 ba1,728 sqft$278/ft²
House9,148 sqft lot
Heather Keast · The Atlantic Real Estate Network
View photos & details
New Listing
43
$500,000
19 Karynel Dr Unit 19
South Portland, ME 04106
3 bd2 ba1,533 sqft$326/ft²
Townhouse
Rhea Kafer · Keller Williams Realty
View photos & details
New Build
4
$550,000
25 Preservation Ln Unit 12
South Portland, ME 04106
3 bd3 ba1,578 sqft$349/ft²
Townhouse12.01 acres
Kathleen Cramer-Howe · Coldwell Banker Realty
View photos & details
Price Drop −$10K
33
$684,900
52 Peary Ter
South Portland, ME 04106
3 bd3 ba2,176 sqft$315/ft²
House1.35 acres
Richard Mead · Keller Williams Realty
View photos & details
New Listing
40
$777,350
542 Preble St
South Portland, ME 04106
3 bd1 ba1,496 sqft$520/ft²
House5,227 sqft lot
Brian Linscott · Linscott Real Estate
View photos & details
New Listing
58
$799,000
15 Bellaire Rd
South Portland, ME 04106
3 bd2 ba2,162 sqft$370/ft²
House30,928 sqft lot
Kathleen Scott · Coldwell Banker Realty
View photos & details
New Listing
28
$1,100,000
148 Breakwater Dr Unit 11
South Portland, ME 04106
2 bd3 ba1,584 sqft$694/ft²
Condo
Samuel Michaud · Legacy Properties Sotheby's International Realty
View photos & details
New Listing
69
$1,295,000
464 Preble St
South Portland, ME 04106
4 bd3 ba2,641 sqft$490/ft²
House4,356 sqft lot
Margaret Veroneau · Angle Associates
View photos & details
Looking to buy in South Portland?
Get connected with a local real estate expert — free, no obligation.
Active listings
44
Homes on market
Median list price
$515K
Avg. days on market
37
Days until sale
New this week
47
Newly listed
Price drops:15.9%of listings
Sale-to-list:98.7%
How much do homes cost in South Portland by property type?
How the South 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 | $556,500 | $371/sq ft | 23 | 29 days |
| Condo / co-op | $386,500 | $424/sq ft | 9 | 39 days |
Who lives in South Portland?
American Community Survey estimates for South Portland. U.S. Census ACS, 2023
Population
26,780
Households
12,148
Median income
$84,563/yr
Median age
40.7 years
Owner-occupied
60.3%
Median home value
$405,800
Median gross rent
$1,648/mo
Mean commute
17.9 min
60.3% of occupied homes in South 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 $405,800 against Zillow's $522,512 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 $1,648/mo, below Zillow's $2,492/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve South Portland?
7 schools tracked · 2,134 students
The largest public schools serving South 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.
South Portland High School
Grades 9-12 · 995 students
Waldo T Skillin Elementary School
Grades K-4 · 311 students
Frank I Brown Elementary School
Grades K-4 · 222 students
Dyer Elementary School
Grades PK-4 · 212 students
Dora L Small Elementary School
Grades K-4 · 204 students
James Otis Kaler Elementary School
Grades PK-4 · 179 students
Arthur R. Gould Sch--LCYDC
Grades 7-12 · 11 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 South Portland, ME?
Ordered by distance from South Portland, not by size. Compare South Portland side by side with any of them.
Which ZIP codes are in South Portland?
These are the ZIP codes we see on active South 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.
South Portland housing market FAQ
Is South Portland a buyer's or seller's market?
South Portland, ME is currently a seller's market. That read comes from 1.3 months of supply, homes going under contract in about 37 days, and sellers getting 98.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in South Portland?
The typical home in South Portland, ME is worth $522,512 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $516,500, about $365 per square foot.
Is South Portland cheaper than the rest of Maine?
South Portland's median sale price of $516,500 is 18% higher than the Maine statewide median of $439,200, and 26% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in South Portland?
Homes in South Portland, ME spent a median of 37 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 South Portland?
At the current 30-year fixed rate of 7.03%, 20% down on a $522,512 home is about $2,789 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $119,548 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $84,563.
Are home prices rising in South Portland?
The typical home value in South Portland, ME rose 0.7% over the last 12 months, from $519,061 to $522,512 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in South Portland?
South 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 South Portland?
That depends on your timeline, not on a headline. What the data says today: South Portland, ME is a seller's market with 1.3 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 17.5x 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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