Is New Portland, ME 04961 a buyer’s or seller’s market?
New Portland is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The New Portland housing market right now
In the three months ending August 31, 2026, 0% of homes in New Portland, ME 04961 sold above their list price, the typical home went under contract in 69 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (46 days then) and the median sale price fell 10% to $194,416. Overall, New Portland is less competitive than a year ago, which gives buyers more room.
Within Somerset County, homes here sell more slowly than in 76% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Athens 04912 (75% sold over asking) and Saint Albans 04971 (43% sold over asking) are even more competitive.
Run the numbers for 04961
Nearby markets
Anson 04911Balanced $211 /sq ftAthens 04912Balanced $235 /sq ftBingham 04920Buyer’s market $138 /sq ftCambridge 04923Seller’s market $71 /sq ft Browse all markets →Where New Portland is
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Questions about New Portland real estate
Is New Portland a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in New Portland, ME 04961 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in New Portland?
The typical home went under contract in 69 days in the latest three months.
Do homes in New Portland sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.5% of the list price.
What are property taxes in New Portland?
About 1.08% of a home’s value a year in Somerset County, or roughly $4,320 on a $400,000 home.
What is the median home price in New Portland?
The median sale price was $194,416 in the three months ending August 31, 2026, about $216 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology