Portland, ME Foreclosures
How much do homes sell for in Portland, ME?
The average home price is currently $722,729.
In Portland, ME, how many homes are available?
There are currently 32 active home listings available in Portland.
What’s the average rental cost in Portland, ME?
The average rental price in Portland is $1,508.
What is the most expensive home in Portland?
The most expensive home sold in Portland had a price of $68,876,560.
What is currently the cheapest priced home in Portland, ME?
The cheapest home for sale in Portland is priced at $10,058.
Living in Portland, ME
Portland, Maine is a vibrant coastal city known for its stunning waterfront and historic charm. It offers a rich culture with a thriving art scene, exceptional dining options featuring fresh seafood, and charming neighborhoods. The city is also known for its beautiful parks and access to outdoor activities, making it an ideal place for both relaxation and recreation.
Current Market Conditions in Portland, ME
The real estate market in Portland, ME has been robust in recent months, with a steady increase in home prices driven by high demand and limited inventory. Buyers are attracted to the city for its quality of life, vibrant culture, and scenic beauty, making it a sought-after location for families and young professionals alike. Homes are selling quickly, often above asking price, contributing to an increasingly competitive market.
As more people move to Portland seeking a balance of urban living and outdoor lifestyles, the demand for single-family homes has surged. This trend has led to increased development of new residential properties and renovations of existing homes, particularly in desirable neighborhoods close to downtown and the waterfront.
Home Value Estimator For Portland, ME
There are currently 20,800 real estate properties
in Portland, ME,
with a median automated valuation model (AVM) price
of $596,800.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Portland, ME, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Portland, ME,
is $722,729.00, with the most expensive house
in Portland, ME, topping out
at $68,876,560.00 and the cheapest home
in Portland, ME,
clocking in at $10,058.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Portland, ME!
Rent Prices
In Portland, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Portland, ME, is on
a rollercoaster ride. The
average rent price in Portland, ME,
is $1,508.00. Indeed, when looking to rent in
Portland, ME, you can expect to pay as little
as $760.00 or as much
as $3,180.00,
with the average rent median estimated to
be $1,490.00. The good news is that finding
an affordable and desirable property to rent in Portland, ME
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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