Is Portland, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Portland is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Portland was a Seller's Market.

Key Takeaway

Portland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Portland, IN

How much do homes in Portland, IN cost?

Median Sold Price

$156,500

$61/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$19,050(+13.9%)

Key Takeaway

Homes in Portland have sold for 13.9% more than they did a month ago.

Summary: The median home sold price in Portland was $156,500 in December 2024, up 13.9% from last month, and the median price per square foot was $61.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $85K$50K
-41.2%
3 $154.9K$151.5K
-2.2%
4 $140K$180.7K
+29.1%
5+ --
N/A

Summary: Portland housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.2%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 29.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Portland
+13.9%
Wayne Township
+10.2%

Housing Supply in Portland, IN

How many homes are available in Portland, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2028+40.0%

Summary: The Portland real estate market had 28 homes for sale in December 2024, a 40.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 812
+50.0%
4 78
+14.3%
5+ 11
0.0%

Summary: The Portland housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Portland, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Portland in December 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Portland, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Portland, IN

Nearby Markets to Portland, IN