Why Live in Oakdale
Oakdale, located just off the peninsula in Portland, offers a quieter residential experience while being only blocks away from the bustling downtown area. The neighborhood is characterized by its vintage homes, including three-story Victorians and American Foursquares, many of which are over 100 years old. The University of Southern Maine's historical campus adds to the area's charm and has contributed to infrastructure improvements like the new roundabout. Oakdale's real estate market features larger properties, some of which are multifamily dwellings now rented to university students. The neighborhood's average home value is higher than the city average, ranging from $450,000 to $1 million.
Local amenities include the nationally recognized Rose Foods for bagels, The Proper Cup Coffee House, and a variety of other eateries and bars along Forest Avenue. Hannaford supermarket is conveniently located for grocery shopping, and Maine Medical Center is just a mile away for healthcare needs. For recreation, residents can enjoy five small parks and the 3-mile Back Cove Trail, which is popular for walking, jogging, and biking. Portland Community Squash is expanding its facilities, and a new performing arts center is set to open on the University of Southern Maine campus in 2025.
Public transportation is accessible with Greater Portland Metro buses stopping along Forest Avenue, providing a direct route to downtown Portland, which is about a mile away. Additionally, Portland International Jetport, located three miles from Oakdale, offers flights to several major cities.
Home Trends in Oakdale, ME
On average, homes in Oakdale, Portland sell after 51 days on the market compared to the national average of 51 days. The median sale price for homes in Oakdale, Portland over the last 12 months is $640,000, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$640,000
Median Single Family Sale Price
$695,000
Median 2 Bedroom Sale Price
$497,500
Average Price Per Sq Ft
$391
Number of Homes for Sale
2
Last 12 months Home Sales
23
Median List Price
$660,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
8%