Is Portland, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Portland has remained a Seller's Market.
Housing Prices in Portland, NY
How much do homes in Portland, NY cost?
Median Sold Price
$192,950
$98/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Portland was $192,950 in May 2024, up 0.2% from last month, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $49.9K | N/A |
4 Bedrooms | $192.5K | $336K | +74.5% |
5+ Bedrooms | - | - | N/A |
Summary: Portland housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 74.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Portland | $192.5K | $192.9K | 0.2% |
Brocton | $205K | $192.9K | -5.9% |
Dewittville | $273K | $235K | -13.9% |
Housing Supply in Portland, NY
How many homes are available in Portland, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Summary: The Portland real estate market had 7 homes for sale in May 2024, a 22.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Portland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Portland in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% 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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 Days | 113 Days | +109.3% |
Summary: Homes in Portland had an average of 113 days on market in May 2024, up by 109.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Portland; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.