Is Portland, ME 04101 a buyer’s or seller’s market?

The Portland housing market right now

In the three months ending August 31, 2026, 16% of homes in Portland, ME 04101 sold above their list price, the typical home went under contract in 37 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 59 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 19%, homes sold faster (70 days then) and the median sale price fell 3% to $724,686. Overall, Portland is more competitive than a year ago, so tougher for buyers.

Within Cumberland County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell less often over asking than in 89%. On our competition score, Portland ranks #74 of 105 ME ZIP codes with enough sales (score 41 out of 100).

Nearby, buyers who want less competition could look at Portland 04109 (0% sold over asking) or Peaks Island 04108 (0% sold over asking), while Chebeague Island 04017 (67% sold over asking) and Gorham 04038 (63% sold over asking) are even more competitive.