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South Portland Maine Market Report

Home Sales Statistics & Results -  2020 vs 2019 Update

South Portland represents approximately 1.6% of all home sales in Cumberland County. From 2015-2017 South Portland found a trend in declining sales. While 2018 reveresed this, it appears 2019 has brought back the decline. Total sales were 294, representing an increase of -5.4%.  As with many communities in southern Maine, overall sales were constrained by low inventory levels, and South Portland was no different.  

The median selling price of $315,750 reflected an increase of 8.8%, following an icrease of 10.9% the previous year. This shows that despite low inventory, demand for homes in South Portland remained high. The 2019 results represented a record high for the city and was the tenth consecutive year of price appreciation.

The charts below include up-to-date 2020 monthly sales and a review of the complete years 2019 and 2018 for all types of properties. 


2020 Sales: YTD Results Through October

  Median Prices YTD
2020      |       2019
  Unit Sales YTD
2020  |  2019
  % of
List Price
 Homes   $336,000 $315,000   243 250   103.42%   6
 Condos   $238,900 $239,000   55 69   97.51%
All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS). 


2019 South Portland Real Estate Sales & Prices

  # of
  Sold Price
Median     |     Average
  Days on Mkt
Med  |  Avg
  % of
  $/Sq Foot
 Homes   294   $315,750 $342,587   7 17   100.0   $219
 Condos   82   $238,200 $274,968   7
26   100   $222
 Multi   33   $385,000 $460,371   11 34   97.5   $170
 Land   4
  $120,000 $135,625   4
36   84.4   NA

South Portland condo sales have gone back and forth between decreasing and increasing the past three years, and 2018 was no different. After a slight increase in 2017, there was a sharp decrease of 20.5% in 2018. However the median selling price of $212,500 represented an increase of .9% and represented the highest level since 2005.


2018 South Portland Real Estate Sales & Prices

  # of
  Sold Price
Median     |     Average
  Days on Mkt
Med  |  Avg
  % of
  $/Sq Foot
 Homes   311   $290,000 $319,063   7 18   100.0   $196
 Condos   70   $212,500 $263,559   7 25   103.6
 Multi   26   $382,000 $438,805   12 19   102.6   $187
 Land   5   $90,000 $129,000   4 96   75   NA

Statewide Results:

For the fourth consecutive year, Maine home sales set a new record in 2018 as 17,983 single family homes were sold, representing an increase of 1.0% over 2017 when total volume was 17,810

The YTD (Year-to-Date) median single-family price of $215,000 represented a 7.5% increase over 2017.  Overall, pricing was up in 13 of Maine’s 16 counties, and remained consistent in two. The highest single month was May at $244,839, followed by April and then March.

Each month of 2018 was higher than 2017. Between 2007 and 2011 median prices declined each year, reaching their lowest level in 2011 at $165,000.  From 2012 onward, pricing has increased ever year, with one exception - 2014.


South Portland Sales History
Year Units Price
2019 294 $315,750
2018 311 $290.000
2017  302  $261,500
2016 310  $252,750
2015 331 $231,000
2014 341 $224,278 
2013 314 $215,500 
2012 241 $217,000
2011 208 $197,000
2010 230 $205,000
2009 230 $199,900
2008 195 $210,000
2007 272 $218,750
2006 314 $226,000
2005 340 $221,500

Active vs Pending Listings

South Portland Listings 2019

Months of Inventory

South Portland Inventory - 2019

2019 Report
Download Market Repot

Download 2019 Report




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