Why Live in Downtown Portland
Downtown Portland is a neighborhood marked by resilience and a rich history, evident in its brick sidewalks and repurposed historic buildings. The area is known for its vibrant art scene, with murals and sculptures adorning the streets, and a robust calendar of events, including the First Friday Art Walks and the Resurgam Music and Arts Festival. Residents and visitors can explore numerous museums, such as the Portland Museum of Art, and enjoy a variety of dining options, from seafood at DiMillo’s on the Water to Italian cuisine at the James Beard-nominated Leeward. The neighborhood is highly walkable, with wide sidewalks and bike-friendly routes supported by the Tandem Mobility bikeshare program. Public transportation is accessible via the Greater Portland Metro, and major roads like Interstate 295 and U.S. Route 1 are nearby. Portland International Jetport is about 5 miles away, and Maine Medical Center provides emergency services within close proximity. Downtown Portland features a mix of contemporary and historic red-brick condos, with many office buildings being converted into residential spaces. While single-family homes are rare, Victorian-era and Federal homes are present. The neighborhood is served by Portland Public Schools, with Portland High School offering hands-on learning programs in partnership with Portland Arts & Technology High School. The Maine College of Art and Design also calls this neighborhood home, providing higher education opportunities in fine arts. With its rich history, diverse dining, and numerous things to do, Downtown Portland offers a unique urban living experience.
Home Trends in Downtown Portland, ME
On average, homes in Downtown Portland, Portland sell after 68 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Portland, Portland over the last 12 months is $656,250, down 22% from the median home sale price over the previous 12 months.
Median Sale Price
$656,250
Median Single Family Sale Price
$1,517,500
Median 2 Bedroom Sale Price
$973,750
Median 1 Bedroom Sale Price
$495,000
Average Price Per Sq Ft
$786
Number of Homes for Sale
19
Last 12 months Home Sales
74
Median List Price
$750,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-22%