Is Portland, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Portland has remained a Seller's Market.
Housing Prices in Portland, KY
How much do homes in Portland, KY cost?
Median Sold Price
$75,000
$65/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Portland was $75,000 in May 2024, up 9.5% from last year, and the median price per square foot was $65.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37.2K | $34K | -8.7% |
2 Bedrooms | $53.5K | $70K | +30.8% |
3 Bedrooms | $75K | $80.2K | +6.9% |
4 Bedrooms | $122K | $145K | +18.9% |
5+ Bedrooms | $75K | $65.5K | -12.7% |
Summary: Portland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes decreased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
Shawnee | $84.5K | $100.5K | +18.9% |
Portland | $68.5K | $75K | +9.5% |
Downtown | $309.5K | $302.5K | -2.3% |
Housing Supply in Portland, KY
How many homes are available in Portland, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 53 | +20.5% |
Summary: The Portland real estate market had 53 homes for sale in May 2024, a 20.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 23 | 27 | +17.4% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Portland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 17.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Portland in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Portland, KY
We’re sorry, we don't have information for this market at the moment