Portland, ME housing market

Context

The typical Portland home is worth $550,740 as of 2026-08-01, up 0.4% over the past year. That is essentially flat growth, so values are holding steady rather than climbing. Sellers are listing at a median of $510,000, which sits below the typical value, suggesting some pricing caution. There are 3054 homes for sale, with 1028 new listings added, so buyers have real choice. Homes are taking a median of 59 days to sell, and 28.8% of listings have taken a price cut. For a Portland homeowner, the market is workable but patient: pricing realistically from day one matters more than timing.