The Portland housing market is somewhat competitive. Homes in Portland receive 3 offers on average and sell in around 39 days. The median sale price of a home in Portland was $650K last month, up 15.5% since last year. The median sale price per square foot in Portland is $491, up 31.4% since last year.
What is the housing market like in Portland today?
In February 2024, Portland home prices were up 15.5% compared to last year, selling for a median price of $650K. On average, homes in Portland sell after 39 days on the market compared to 32 days last year. There were 46 homes sold in February this year, up from 34 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$649,869
+15.5% YoY | Feb 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2024
Growth
% YoY
Portland, ME
$649,869
+15.5%
United States
To compare other locations to the Portland and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Portland's median sale price is 57% higher than the national average. Overall cost of living in Portland is 10% higher than the national average. Learn which home features in Portland add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Portland housing market?
Portland is somewhat competitive. Homes sell in 24 days.
0
100
55
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 3% above list price and go pending in around 24 days.
Hot homes
can sell for about 8% above list price and go pending in around 7 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Portland
Explore recent offers and recently sold homes in Portland
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
6/10
Longfellow School-Portland
Public • K-5
276
Students
5 reviews
5/10
Dora L Small Elementary School
Public • K-5
261
Students
2 reviews
4/10
Frank I Brown Elementary School
Public • K-5
280
Students
8 reviews
4/10
Ocean Avenue
Public • K-5
341
Students
2 reviews
3/10
Harrison Lyseth Elementary School
Public • PreK-5
490
Students
4 reviews
Only showing 5 of
15 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Portland housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Portland.
Risk Factor
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Portland has a moderate risk of flooding. 2,947 properties in Portland are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Portland. Flood risk is increasing slower than the national average.
15% of properties are at risk of wildfire over the next 30 years
Fire Factor
Portland has a moderate risk of wildfire. There are 4,918 properties in Portland that have some risk of being affected by wildfire over the next 30 years. This represents 15% of all properties in Portland.
97% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Portland has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Portland is most at risk from hurricanes. 30,461 properties in Portland have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 119 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 131 mph.