Portland - ME housing market
The Portland metro has a typical home value of $542,063, up 1.0% from a year ago. Homes are moving fast at 8 days on market - a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($542,063) is the Zillow Home Value Index for the Portland - ME metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 1.0% over the past year. In Portland - ME, that means a home worth $536,696 last year is now worth roughly $542,063.
The median sale price , what homes actually close for , is $495,264. Homes are selling at 99.2% of list price, meaning buyers have room to negotiate.
Homes listed in Portland - ME sit on the market for roughly 8 days before going pending. Shorter = seller's market; longer = buyer's market.
About 15.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 816 new listings hit the market each month in Portland - ME. There are currently 1,707 homes for sale, up 3.3% from a year ago.
The typical monthly rent in Portland - ME is $2,320, up 2.9% year over year. For investors, the price-to-rent ratio here is roughly 19x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
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