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Market Intelligence · ME / Cumberland County

Portland, ME home prices and housing market

1 ZIP market liveData updated September 2026Typical value$591K1-yr changeDown0.3%

The typical home value in Portland, ME is $591K as of September 2026, down 0.3% from a year ago, based on the Zillow Home Value Index. In the typical Portland ZIP code, the median list price is $613K and homes spend a median of 47 days on market as of September 2026 (Realtor.com).

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Andrea Page

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Andrea Page

Lic #BR25750 ME

As a Broker and Co-Team Leader at Keller Williams Realty Maine, I bring 15+ years of experience helping buyers, sellers, and investors move forward with confidence. My background in contracting and construction offers a practical understanding of a property's potential, with a particular passion for development and investment opportunities. Grounded in integrity and clear communication, I provide thoughtful guidance and a strategy shaped around your goals. Let's explore what's possible together.

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The coverage

Portland, by the numbers.

Typical home valueZillow ZHVI, September 2026
$591K
1-yr changeMedian across Portland ZIPs
-0.3%
ZIP markets live7 tracked in Portland
1
County
Cumberland County

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12-month value trend

-0.3% over 12 months

Typical home value in Portland over the last 12 months: $593K in Sep 2025 to $591K in Sep 2026 (-0.3%).

Sep 2025$593K

Sep 2026$591K

Median Zillow home value index across Portland's ZIP codes.

Context

The typical home value in Portland is $591,191 as of September 2026, down 0.3% over the past year. That is a slight cooling, not a sharp decline. Sellers are listing at a median of $612,700, while 179 homes were for sale and 98 new listings came on the market in September 2026. Homes are taking a median of 47 days to sell, and 20.0% of listings have taken a price cut. Buyers have some room to negotiate, but well priced homes are still moving. For a homeowner deciding whether to sell, the market rewards realistic pricing and patience more than testing the top of the range.

The numbers

What is the housing market like in Portland, ME?

Typical home value

$591K

Down0.3%YoY

Median list price

$613K

Days on market

47

Homes for sale

179

Price cuts

20.0%

New listings

98

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Portland's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Portland, ME home prices over time

Typical home values in Portland, ME are down 0.3% over the past year, from $593K in September 2025 to $591K in September 2026.

Typical home value in Portland, ME, September of each year
MonthTypical value1-yr change
September 2026$591,191-0.3%
September 2025$592,900No prior year

Typical value is the median Zillow Home Value Index across Portland ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Portland, ME a buyer's or seller's market?

Portland, ME is roughly balanced between buyers and sellers.

These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.

Based on a median of 47 days on market and 20% of listings with a price cut in the typical Portland ZIP code, and 98 new listings against 179 active listings across Portland, as of September 2026 (Realtor.com).

The outlook

Portland housing market forecast 2027

+1.8%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 4 Portland ZIP codes, points to typical home values rising 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in Portland fell 0.3%, per the Zillow Home Value Index.

Will home prices drop in Portland?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Portland shows typical home values rising 1.8% by September 2027, after a 0.3% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 4 Portland ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Portland?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 7 Portland ZIP codes in total; the remaining 6 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Portland, ME home prices.

How much is a home in Portland worth?

The typical home value in Portland is $591,191 as of September 2026, down 0.3% over the past year. Citywide figures describe the market overall, not any one property.

Are sellers cutting prices in Portland?

Yes, some are. As of September 2026, 20.0% of listings had a price cut, and the median list price was $612,700.

How fast are homes selling in Portland?

Homes are taking a median of 47 days to sell as of September 2026. There were 179 homes for sale and 98 new listings that month.

Are home prices going up or down in Portland, ME?

Typical home values in Portland, ME are down 0.3% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Portland, ME a buyer's or seller's market?

Portland, ME is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 47 days on market and 20% of listings with a price cut in the typical Portland ZIP code, and 98 new listings against 179 active listings across Portland, as of September 2026 (Realtor.com).

How long do homes take to sell in Portland, ME?

In the typical Portland ZIP code, homes spend a median of 47 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.

Nearby markets

More Maine housing markets.

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