What is the typical home value in Portland - ME?

The typical home in Portland - ME, ME is worth $532,238 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +1.1%.

How long do homes stay on the market in Portland - ME?

The median days to pending (time on market before a sale) in Portland - ME is currently 23 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Portland - ME?

14.6% of active listings in Portland - ME have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

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

Based on days-on-market, price-cut share, and year-over-year appreciation, Portland - ME is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

PicksByProperty

ME · Metro #105

Portland - ME housing market

Current home values, days on market, and price-cut activity for the Portland - ME metro. Data refreshed from Zillow Research monthly.

Typical home value

$532,238

+1.1% vs. year ago

Median list price

$566,333

Days on market

23.0d

Listings w/ price cut

14.6%

Context

How to read this data

The typical home value ($532,238) 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 1.1% over the past year. In Portland - ME, that means a home worth $526,447 last year is now worth roughly $532,238.

Homes listed in Portland - ME sit on the market for roughly 23.0 days before going pending. Shorter = seller's market; longer = buyer's market.

About 14.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

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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