$8,193 Closing Credit*
$689,900
3,442 SqFt
4 Beds
•3 Full Baths, 1 Partial
Harry Finer, Listing Office: William Raveis Real Estate
Is Portland, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Portland has remained a Seller's Market.
Key Takeaway
Portland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Portland, CT
How much do homes in Portland, CT cost?
Median Sold Price
$360,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+20.0%)
Key Takeaway
Homes in Portland have sold for 20% more than they did a year ago.
Summary: The median home sold price in Portland was $360,000 in November 2024, up 20% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.7K | $146.5K | -25.9% |
| 2 Bedrooms | $263K | $300K | +14.1% |
| 3 Bedrooms | $295K | $350K | +18.6% |
| 4 Bedrooms | $410K | $400K | -2.4% |
| 5+ Bedrooms | $422K | $422.4K | 0.1% |
Summary: Portland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.9%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 18.6%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Portland | $300K | $360K | +20.0% |
| Middletown | $276.3K | $310.5K | +12.4% |
| Cromwell | $305K | $310K | +1.6% |
Housing Supply in Portland, CT
How many homes are available in Portland, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The Portland real estate market had 24 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Portland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portland, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Portland in November 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Portland, CT
We’re sorry, we don't have information for this market at the moment
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