The Portland-South Portland market right now
Sales figures: Redfin Data Center, market tracker (Redfin, a national real estate brokerage), Portland, ME metro area, May 2026, all residential property types. Typical value: Zillow Home Value Index (ZHVI), Zillow Research, August 2026, mid-tier homes, seasonally adjusted. These are area-wide figures, not a value for any one home.
With about 2.7 months of supply, this is a market that leans toward sellers by the usual rule of thumb, and homes sold at or above their list price on average.
Show the numbers
| Month | Median sale price |
|---|---|
| May 2026 | $558,750 |
| Apr 2026 | $538,000 |
| Mar 2026 | $520,000 |
| Feb 2026 | $490,000 |
| Jan 2026 | $525,000 |
| Dec 2025 | $530,000 |
| Nov 2025 | $517,750 |
| Oct 2025 | $565,000 |
| Sep 2025 | $533,700 |
| Aug 2025 | $562,500 |
| Jul 2025 | $560,000 |
| Jun 2025 | $550,000 |
| May 2025 | $544,125 |
| Apr 2025 | $542,475 |
| Mar 2025 | $514,900 |
| Feb 2025 | $493,750 |
| Jan 2025 | $530,000 |
| Dec 2024 | $529,950 |
| Nov 2024 | $505,000 |
| Oct 2024 | $525,000 |
| Sep 2024 | $525,000 |
| Aug 2024 | $537,500 |
| Jul 2024 | $550,000 |
| Jun 2024 | $554,900 |
| May 2024 | $518,000 |
Source: Redfin Data Center, Portland, ME metro area. Monthly figures, not seasonally adjusted, so some ups and downs are just the time of year.
What the metro area covers
The Census Bureau counts about 571,534 people in the Portland-South Portland, ME metro area, across 3 counties. Property taxes, recording fees and some transfer taxes are set county by county, so check the county your home is in.
| County | Population (2024 estimate) |
|---|---|
| Cumberland County, ME | 313,809 |
| York County, ME | 220,143 |
| Sagadahoc County, ME | 37,582 |
Towns with the most ZIP codes in the area: Portland, Freeport, Scarborough, Westbrook, South Portland, Biddeford, Bailey Island, Bridgton, Brunswick, Bustins Island, Casco, Chebeague Island.
Population and counties: U.S. Census Bureau, Vintage 2024 population estimates and 2023 metro delineations.
Maine rules that affect sellers
Transfer tax
Maine's real estate transfer tax is $2.20 for each $500 of value (0.44%), imposed by law one half on the seller and one half on the buyer. For transfers on or after November 1, 2025, an additional $3.80 per $500 applies to the portion of value over $1,000,000. There are no separate county or city transfer taxes in the statute.
Seller disclosure
Yes. Under 33 M.R.S. section 173, a seller of residential real property must give the buyer a written property disclosure statement covering the water supply, heating system, waste disposal (septic) system, hazardous materials such as radon, asbestos and underground oil tanks, known defects, road access, flood history, and shoreland zoning issues. Some transfers are exempt under section 172.
Who handles the closing
Maine closings are commonly handled by title companies or real estate attorneys. An attorney is not legally required to conduct a closing in Maine, according to a local title industry source; no official page stating this was found.
Source: The Windham Eagle, How to choose a title company (Randee McDonald)
Also worth knowing
The buyer of Maine real estate generally must withhold 2.5% of the price for state income tax and send it to Maine Revenue Services, unless the seller certifies Maine residency or the price is under $100,000. This mainly affects sellers who are not Maine residents.
Also worth knowing
For transfers on or after November 1, 2025, homes selling for more than $1,000,000 pay an extra transfer tax of $3.80 per $500 on the value above $1,000,000, on top of the base $2.20 per $500.
Checking an agent's license
Real estate agents in Maine are licensed by the Maine Real Estate Commission (Office of Professional and Occupational Regulation). You can look up any agent before you work with them.
Maine Real Estate Commission (Office of Professional and Occupational Regulation) license lookup
Rules checked 2026-09-30. They change, and local practice varies: confirm with your title company, closing attorney or agent before relying on them. This is general information, not legal or tax advice.