Photo: PhilipC · CC BY 2.0757 homes sold in Portland in the last year, at a typical $614K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Portland homes are listed.
Every place Portland homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Portland.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A third of Portland’s sales are condos, at $45K less than a house
382 houses and 279 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 382 sold in the year to May 2026
- Per square foot
- $375ME $253
- Days to sell
- 37
- Sold over asking
- 43%
- Listings with a price cut
- 29%
typical sale · 279 sold in the year to May 2026
- Per square foot
- $509ME $376
- Days to sell
- 51
- Sold over asking
- 27%
- Listings with a price cut
- 18%
Multi-family (2–4 units): 106 sold, typical $852K
Townhouses: 8 sold, typical $1.2M
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 2.2 times the 2016 price
757 sales in the last year, against 1,216 in 2021 and a low of 715 in 2023. The typical sale went from $278K in 2016 to $614K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $600K buys in Portland
Check a listing against what Portland homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Portland are back to pre-pandemic levels, but a quarter fewer homes come up for sale
We read every month of Portland’s home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 757 sales.
If you’re buying in Portland
- Shop in September. It brings about 117 new listings a month, close to the busiest month, with fewer bidding wars (41% over asking).
- Bid near asking. Buyers paid 100% of the list price on average; 35% paid over.
- You’ll usually have time. Only 38% of homes go under contract within two weeks; the typical one takes 40 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 132 a month), but April is the most competitive: 50% of April sales close over asking. September offers nearly as much choice with fewer homes bid up (41%). January has the least competition (30%) but only about 60 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Maine
| Portland now | 2017–19 | 2021 peak | ME now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 35% | 33% | 61% | 24% |
| Gone within two weeksShare of homes under contract within 14 days | 38% | 43% | 53% | 33% |
| Price paid vs. askingAverage sale price ÷ list price | 100% | 99.4% | 104.4% | 97.7% |
| Days to sellMedian days from listing to contract | 40 | 24 | 22 | 60 |
186 homes for sale on a typical day
That’s 1.7 times the 2023 low (112), 22% fewer than in 2017–19 and well under 2018’s 255.
Since 2019, houses are up 86%, condos 74%
A house typically sold for $603K in the year to May 2026 (382 sales), a condo for $558K (279).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Portland ranks 13th of 36 busy Maine markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Portland is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2016 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Portland home costs about $3,789 a month
Price: Portland’s typical sale, last 12 months. Property tax at Portland’s 1.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Portland is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 40.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $614K home, about $7,030 a year.
Taxes vs. neighborsSchools
The schools grade for Portland, from test results, graduation and how much students grow.
Schools in PortlandTypical commute
The average one-way trip to work for people who live in Portland.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
South Portland sells for less a square foot; Falmouth Foreside for far more
The busier markets within 25 miles of Portland, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Portland | 757 | $614K | $397 | 35% | 40 |
| South Portland | 334 | $521K | $366 | 44% | 31 |
| Falmouth | 193 | $961K | $387 | 30% | 51 |
| Cape Elizabeth | 138 | $906K | $414 | 37% | 44 |
| Scarborough | 113 | $571K | $402 | 22% | 38 |
| Oak Hill | 104 | $566K | $405 | 22% | 37 |
| Falmouth Foreside | 25 | $1.3M | $569 | 27% | 63 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Portland, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Portland. People who follow the town see it, and so do people comparing Portland with their own town. No commission, no listing fee.
Questions about buying a home in Portland
What do homes sell for in Portland, ME?
757 homes sold in the year to September 2026 at a typical $614K, $397 a square foot. Houses sold for about $603K, condos for about $558K in the year to May 2026.
Is Portland a buyer’s or seller’s market?
A seller’s market: 268 homes were for sale in September 2026 and 69 sold, about 3.9 months of supply. Buyers paid 100% of asking on average.
When is the best time to buy in Portland?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Portland?
About 1.1% of a home’s value a year. On a $614K home that’s near $7,030.
Where can I see homes for sale in Portland?
Zillow, Redfin, Realtor.com and Homes.com all carry Portland’s MLS listings; the search links above open each one filtered to Portland.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).