Portland - ME housing market
The Portland metro has a typical home value of $549,963, up 1.1% 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 ($549,963) 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 $543,979 last year is now worth roughly $549,963.
The median sale price , what homes actually close for , is $503,067. Homes are selling at 99.9% 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 18.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 950 new listings hit the market each month in Portland - ME. There are currently 2,012 homes for sale, up 1.8% from a year ago.
The typical monthly rent in Portland - ME is $2,352, up 2.7% 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.
Protect what you own.
We take a referral cut when you complete a purchase - at no cost to you.
Sponsored links. See our affiliate disclosure.