New Portland, ME Home Values & Market Trends

Real estate market trends reflect that there have been 13 transactions over the past year in New Portland. The median value for residential home transactions that occurred over the previous year is $177,244.22. The number of current listings in New Portland is 1, and the percentage of properties for sale in the city is 1.00%. New Portland, ME currently has 3 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 1 properties for sale.

New Portland, ME Real Estate Market Overview

ZipMedian Est. Value
04961

$ 170,085

$ 188/sqft

Housing Market Summary for New Portland, ME

Apr 2023March 2024Change
Median Listing Price$495K$198.8K-59.84%
Median Sold Price$199K$198.8K-0.09%
Homes For Sale12100.00%
Homes Sold101110.00%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in New Portland, ME

New Portland home values range from $27,788 to $2,058,145. The median estimated value of a home in New Portland is $177,244.22. The median list price of a home is 495,000, and the total count of properties in the city is 659.

Foreclosure
There is 1 zips within New Portland, ME; within this zips, the median estimated home value for homes in foreclosure ranges from $194,692 in 04961 to the lowest value of $36,500 in 04961. Foreclosure homes account for 0.00% of properties in New Portland, ME with 04961 containing 3 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.30% of all residential properties in New Portland, ME with 04961 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within New Portland, ME; of that zips, the estimated home value for pre-foreclosure homes ranges from $194,692 in 04961 to the lowest home value of $194,692 in 04961.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in New Portland, ME ranges from the highest value of $36,500 in 04961 to the lowest value of $36,500 in 04961. Bank owned homes and properties account for 0.15% of properties in New Portland, ME. There is 1 zips within New Portland, ME; 04961 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of New Portland, ME. Auction homes and other auction properties account for 0% of all properties in New Portland, ME. There is 1 zips within New Portland, ME; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.15% of residential properties in New Portland, ME with 04961 containing 1 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within New Portland, ME; homes for sale in that zips, have a range of median values from $170,085 in 04961 to the lowest value of $170,085 in 04961.
    Sold Homes
    The median value for recently sold homes ranges from $375,145 in 04961 to the lowest price of $90,459 in 04961. There is 1 zips within New Portland, ME. 04961 has 12 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.67% of properties in New Portland, ME.

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      Guide for New Portland, ME

      Market Reports
      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Fix and Flip
      Tallahassee’s Real Estate Market A in Review 2023-2024
      Market Reports
      Knoxville Real Estate Market Report, April 2024
      Market Reports
      Rising Real Estate: Biloxi Property Value Appreciates Amidst Market Fluctuations
      See More Articles
      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Market Reports|posted 10 April 2024

      The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.

      Tallahassee’s Real Estate Market A in Review 2023-2024
      Fix and Flip|posted 10 April 2024

      An analysis of the Tallahassee real estate market from April 2023 to March 2024 shows fluctuating property values and sale prices, yet consistently strong market activity, indicating a healthy and dynamic property landscape.

      Knoxville Real Estate Market Report, April 2024
      Market Reports|posted 9 April 2024

      The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.

      Rising Real Estate: Biloxi Property Value Appreciates Amidst Market Fluctuations
      Market Reports|posted 9 April 2024

      Biloxi’s real estate market shows dynamic growth and consumer confidence, with property values rising from $271,000 to $290,000 within a year, despite some price fluctuations.

      Recently Listed Homes New Portland, ME

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