Portland - ME housing market

The typical home value ($546,999) 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 1.4% over the past year. In Portland - ME, that means a home worth $539,447 last year is now worth roughly $546,999.

The median sale price, what homes actually close for, is $519,630. Homes are selling at 100.3% of list price, meaning buyers are typically paying at or above asking.

Homes listed in Portland - ME sit on the market for roughly 10 days before going pending. Shorter = seller's market; longer = buyer's market.

About 22.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 960 new listings hit the market each month in Portland - ME. There are currently 2,249 homes for sale, up 1.8% from a year ago.

The typical monthly rent in Portland - ME is $2,369, up 2.5% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 19.2x, toss-up (#56 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.71% 30-year rate, runs about $2,827 a month in principal and interest, $458 more than renting before taxes, insurance and upkeep. The two break even at a 5.07% rate.

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.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →