$285,000
1,455 SqFt
2 Beds
•1 Full Bath, 1 Partial
Jonathan Gineo, Listing Office: Silver and Oak Realty
October 2024
Report Updated 2 Days Ago
Is Portland, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Portland has remained a Seller's Market.
How much do homes in Portland, CT cost?
$365,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in Portland was $365,000 in October 2024, up 21.7% from last year, and the median price per square foot was $201.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $197.7K | $146.5K | -25.9% |
2 Bedrooms | $260.5K | $300K | +15.2% |
3 Bedrooms | $300K | $350K | +16.7% |
4 Bedrooms | $389K | $405K | +4.1% |
5+ Bedrooms | $432.5K | $422K | -2.4% |
Summary: Portland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.9%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 2.4%.
Portland | $300K | $365K | +21.7% |
Middletown | $280K | $308K | +10.0% |
Cromwell | $292K | $310K | +6.2% |
How many homes are available in Portland, CT?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
26 | 24 | -7.7% |
Summary: The Portland real estate market had 24 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Portland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
12 | 5 | -58.3% |
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Portland in October 2024, down by 58.3% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
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Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 2 Days Ago
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MLS Disclaimers and Copyright
Based on information from SmartMLS for the period 11/01/2022 - 11/01/2024
Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/3/2024, 7:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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