Portland, ME Housing Market

Portland, ME's median home value is $542K, up 5.6% over the past year. Homes here sell in a median 36 days. Its PropertyIQ Score of 65 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.

PropertyIQ tracks the Portland, ME housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this ME market is set to perform against its state benchmark.

New England's housing market is shaped by historic density, prestigious universities, and a mature healthcare and biotech economy. Markets here tend toward stability, with slower but steady appreciation driven by constrained supply and strong institutional demand. Within the New England, Portland, ME's PropertyIQ Score of 65 ranks among the New England's stronger demand signals.

The PropertyIQ Score for the Portland, ME market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag.

Explore the interactive map to see how Portland, ME compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.