$45,000
2.50 Acres
Land
Edward Miller, Listing Office: ERA Team VP Real Estate
Is Portland, NY 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, NY
How much do homes in Portland, NY cost?
Median Sold Price
$167,650
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,650(+1.6%)
Key Takeaway
Homes in Portland have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Portland was $167,650 in November 2024, up 1.6% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $257.5K | N/A |
| 2 Bedrooms | $125K | $116.2K | -7.0% |
| 3 Bedrooms | $168K | $155.3K | -7.6% |
| 4 Bedrooms | $197.5K | $205K | +3.8% |
| 5+ Bedrooms | $289.4K | $175K | -39.5% |
Summary: Portland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 39.5%.
Median Sold Price Compared To Nearby Cities
| Pomfret | $170K | $175K | +2.9% |
| Portland | $165K | $167.6K | +1.6% |
| Brocton | $157K | $143.2K | -8.8% |
| Dewittville | $282K | $250K | -11.3% |
Housing Supply in Portland, NY
How many homes are available in Portland, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The Portland real estate market had 11 homes for sale in November 2024, a 21.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Portland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portland, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Portland in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Portland, NY
How long does it take to sell a home in Portland, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 122 Days | 126 Days | +3.7% |
Summary: Homes in Portland had an average of 126 days on market in Nov 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Portland are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Portland; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
