Is Portland, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Portland was a Seller's Market.
Housing Prices in Portland, KY
How much do homes in Portland, KY cost?
Median Sold Price
$75,000
$66/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Portland was $75,000 in April 2024, up 23% from last year, and the median price per square foot was $66.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37.2K | $33.5K | -10.1% |
2 Bedrooms | $41K | $79.9K | +94.9% |
3 Bedrooms | $78K | $80.1K | +2.7% |
4 Bedrooms | $122K | $145K | +18.9% |
5+ Bedrooms | $75K | $65.5K | -12.7% |
Summary: Portland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes increased by 94.9%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes decreased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
Portland | $61K | $75K | +23.0% |
Shawnee | $86.5K | $95K | +9.8% |
Downtown | $319.2K | $304K | -4.8% |
Housing Supply in Portland, KY
How many homes are available in Portland, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 46 | +31.4% |
Summary: The Portland real estate market had 46 homes for sale in April 2024, a 31.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 15 | 23 | +53.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Portland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 53.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Portland in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Portland, KY
We’re sorry, we don't have information for this market at the moment