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Portland, ME Homes for Sale under $500,000

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  • /40

    $499,000

    • 2 Beds
    • 1.5 Baths
    • 1,281 Sq Ft

    242 Valley St, Portland, ME 04102

    A rare opportunity in Portland's vibrant St. John Street Valley neighborhood. This historic home has seen better days, but the foundation is solid and the potential is undeniable. Bring your tools, vision, and energy—this is a true sweat equity special, ideal for an owner-occupant, investor, or flipper looking to refurbish and resell for significant profit. The location is unbeatable: just off

    Agent Photo

    Tom Landry

    Benchmark Real Estate

    (207) 466-8714

    242 Valley St, Portland, ME 04102
  • /13

    $495,000

    • Land
    • 0.39 Acre
    • $1,269,231 per Acre

    63A Capisic St, Portland, ME 04102

    Expansive, Sun-Filled Lot in Portland's Desirable Capisic/Rosemont NeighborhoodA rare opportunity to build in one of Portland's most sought-after and convenient neighborhoods. This elevated and open lot offers approximately 75' of frontage and measures roughly 75' x ~225', totaling an impressive 0.39 acres. The options in this coveted RN1 zone are as abundant as the sunlight — perfect for a

    Agent Photo

    Tom Landry

    Benchmark Real Estate

    (207) 250-5200

    63A Capisic St, Portland, ME 04102
  • /42

    $499,000

    • 5 Beds
    • 2 Baths
    • 2,256 Sq Ft

    244 Ray St, Portland, ME 04103

    Beautifully renovated Garrison-style home in the prime North Deering, Portland neighborhood. This property offers a unique blend of classic charm and modern convenience. Freshly updated interior featuring new flooring throughout, a renovated bathroom, and a kitchen equipped with new appliances, ready for your culinary adventures.The mixed-use zoning presents a rare and exciting business or

    Agent Photo

    Davian Akers

    Keller Williams Realty

    (207) 358-3391

    244 Ray St, Portland, ME 04103
  • /35

    $499,900 Open Sun 11AM - 1PM

    • 3 Beds
    • 2 Baths
    • 1,926 Sq Ft

    48 Randolph St, Portland, ME 04103

    Step into comfort and possibility with this 3-bedroom, 2-bath contemporary-style home. The expansive back living room is a true highlight—spacious enough to serve as both a formal sitting area and a comfortable TV room. With soaring cathedral ceilings, skylights, and a cozy gas fireplace, this inviting space is filled with natural light and opens directly to a large deck and private, tree-lined

    Megan McShane Redfin Corporation

    48 Randolph St, Portland, ME 04103
  • /31

    $499,900

    • 3 Beds
    • 1.5 Baths
    • 2,096 Sq Ft

    1969 Washington Ave, Portland, ME 04103

    Well maintained ranch-style home on a desirable .79 acre of land in North Deering. This home has a lot of character with built-in shelving and hardwood flooring throughout the space. There is a Three Season Sun Room off the living room where you can soak in the natural light and is ideal for morning coffee, reading, or simply enjoying the view of the well maintained backyard. The finished

    Michael Marchand Plowman Realty Group

    1969 Washington Ave, Portland, ME 04103
  • /20

    $499,900 New Construction

    • 3 Beds
    • 2 Baths
    • 1,632 Sq Ft

    14 Shepherd Ln, Portland, ME 04103

    Welcome to Shepherd Lane, Windham's newest subdivision! Located off Falmouth Road, Shepherd Lane is convenient to Portland and all that the Lakes Region has to offer. This To-Be-Built Balsam Cape has 3 Bedrooms, 2 Bathrooms, an open concept kitchen, dining room, and living room. The first floor also has a full bath, a mudroom area, and a separate room perfect for an office or playroom. Upstairs,

    Jason Saphire www.HomeZu.com

    14 Shepherd Ln, Portland, ME 04103
  • /33

    $480,000 Open Sun 1PM - 3PM

    • 3 Beds
    • 1 Bath
    • 1,735 Sq Ft

    21 Castine Ave, Portland, ME 04103

    Charming 3-bedroom Cape in a convenient Portland location! Sun-filled rooms highlight gleaming hardwood floors throughout, with a desirable first-floor bedroom option. The finished basement offers flexible space for a family room, office, or guest area. Enjoy a shaded backyard perfect for relaxing or entertaining, plus a one-car garage for added storage and convenience. Close to shopping, dining,

    Janice Pompeo The Maine Real Estate Group

    21 Castine Ave, Portland, ME 04103
  • /24

    $499,000

    • 2 Beds
    • 1.5 Baths
    • 1,603 Sq Ft

    10 Cresfield Terrace Unit 4304, Portland, ME 04103

    Welcome to desirable Parsons Pond! This spacious 2 bedroom, 1.5 bath condominium offers the perfect blend of comfort, convenience and community. It is nestled into Portland's most private and tranquil setting. The open floor plan features a generously sized living room complete with a fireplace, plenty of light and access to the back patio. The recently remodeled kitchen features a breakfast nook

    Karla Galli Greater Portland Realty

    10 Cresfield Terrace Unit 4304, Portland, ME 04103
  • /34

    $479,000

    • 2 Beds
    • 1 Bath
    • 1,260 Sq Ft

    32 State St Unit 1, Portland, ME 04101

    Historic charm meets modern convenience in this spacious West End condo. Featuring soaring ceilings, hardwood floors, large windows, and original built-ins, the home showcases classic Portland character with the ease of recent updates throughout.A flexible floor plan offers options for a second bedroom, home office, den, or library. Added conveniences include washer/dryer hook-up,

    Chelsea Roy Portside Real Estate Group

    32 State St Unit 1, Portland, ME 04101
  • /22

    $479,900 Open Sun 1PM - 3PM

    • 2 Beds
    • 2 Baths
    • 1,530 Sq Ft

    7 Twin Knolls Ln, Portland, ME 04102

    EXCELLENT LOCATION AT THIS SPACIOUS, RECENTLY REFRESHED TOWNHOUSE. VERY PRIVATE - OVERLOOKING A QUIET RESERVE AND NATURAL HABITAT. THE AIRY LIVING ROOM HAS 15' CEILINGS, WIDE DOOR TO A DECK, WOOD FLOORS & FIREPLACE. THE DINING ROOM HAS VAULTED CEILING & A SMALL ISLAND THAT ADJOINS A VINTAGE KITCHEN. CHOOSE BETWEEN A 1ST FLOOR BR & BA, OR A 2ND FLOOR BR & BA. THERE'S ALSO A FABULOUS OPEN LOFT WITH

    Rita Yarinold Bay Realty

    7 Twin Knolls Ln, Portland, ME 04102
  • /34

    $459,000

    • 1 Bed
    • 1 Bath
    • 1,024 Sq Ft

    21 Chestnut St Unit 203, Portland, ME 04101

    This spacious, light-filled loft in downtown Portland offers the perfect blend of convenience and style. With its cool, airy atmosphere and sleek cement floors, the space feels both modern and inviting. This condo has been thoughtfully upgraded, making it a truly move-in-ready home. Whether you're working from home or relaxing, you'll love the open, loft-like design that floods the space with

    Whitney Harvey Town & Shore Real Estate

    21 Chestnut St Unit 203, Portland, ME 04101
  • /26

    $444,000

    • 1 Bed
    • 1 Bath
    • 565 Sq Ft

    10 Exchange St Unit 307, Portland, ME 04101

    Introducing Unit 307 at 10 Exchange Street — set on one of the Old Port's most iconic cobblestone streets, this condo places you at the center of Portland's best dining, boutique shopping, art galleries, and the working waterfront. Morning walks along the harbor, evenings at award-winning restaurants, and easy access to nearby parks define the lifestyle here.Inside, the home pairs

    John Hayes Keller Williams Realty

    10 Exchange St Unit 307, Portland, ME 04101
  • /30

    $449,900

    • 3 Beds
    • 2 Baths
    • 1,607 Sq Ft

    99 Webb St, Portland, ME 04102

    Welcome to 99 Webb Street, nestled in the desirable Nason's Corner neighborhood of Portland — a super convenient location close to shopping, dining, schools, and commuter routes.Built in the 1990s, this Cape-style home offers a flexible and functional 3-bedroom, 2-bath layout. Step inside to discover an inviting open floor plan featuring a sun-filled living room with cathedral ceilings,

    Tricia Quirk ERA Dawson-Bradford Co.

    99 Webb St, Portland, ME 04102
  • /70

    $499,000

    • 3 Beds
    • 2 Baths
    • 1,459 Sq Ft

    162 Delaware Ct Unit 2, Portland, ME 04103

    Welcome to 162 Delaware Court located in desirable Washington Crossing. This lovely 3-bedroom 2-bathroom condo is conveniently located in the heart of Portland yet peacefully tucked away on a dead-end street. Step through the front door where you'll find a tiled entry area, sunlit living room, kitchen with granite counters open to the dining room. A first-floor primary bedroom, a full

    Peter Mason PO-GO REALTY

    162 Delaware Ct Unit 2, Portland, ME 04103
  • /23

    $485,000

    • 3 Beds
    • 2 Baths
    • 1,280 Sq Ft

    55 Huntington Ave, Portland, ME 04103

    Upstairs, you'll find an updated kitchen, a comfortable living room, a freshly painted full bathroom, and two newly carpeted bedrooms. Downstairs offers another full bathroom, an additional bedroom, and versatile space perfect for storage or customization.Step out onto the back deck and take in the view of the spacious, fully fenced backyard—ideal for gardening, lawn games, or simply

    Shawn Googins Landing Real Estate

    55 Huntington Ave, Portland, ME 04103
  • /26

    $419,000 Open Sun 9:30PM - 11:30PM

    • 2 Beds
    • 1 Bath
    • 906 Sq Ft

    129 Pine St Unit 2, Portland, ME 04102

    OPEN HOUSE Sunday Oct, 5th 9:30 to 11:30amExperience the very best of Portland living in this beautifully updated mid-century condominium located in the heart of the historic West End. Just steps from award-winning restaurants, the Arts District, and the charming Old Port, this two-bedroom unit places the city's vibrant culture right at your doorstep.Inside, you'll find a spacious, sunlit

    Tanya Crawford Real Broker

    129 Pine St Unit 2, Portland, ME 04102
  • /22

    $469,000

    • 2 Beds
    • 1 Bath
    • 1,300 Sq Ft

    147 Pleasant Ave Unit 6, Portland, ME 04103

    Located in the heart of Deering Center, in a fully renovated 1871 historic building, you will find this welcoming two-bedroom, one-bathroom condo. This unit features blends of timeless character with tasteful modern updates. From the charming porthole window in the office to the custom built-ins throughout, every detail has been thoughtfully designed to maximize both style and

    Jenna Segal The Atlantic Real Estate Network

    147 Pleasant Ave Unit 6, Portland, ME 04103
  • /44

    $455,000

    • 2 Beds
    • 1 Bath
    • 1,068 Sq Ft

    3 Walker St Unit 4, Portland, ME 04102

    First time on market in 20 years. Located in Portland's iconic West End, this top-floor-2-bedroom, 1-bath condo blends historic charm with modern updates. Beautifully maintained, the home features gleaming hardwood floors throughout, a custom-designed kitchen, and a sunroom that doubles perfectly as a second bedroom or home office. The spacious primary bedroom is a true retreat, complete with

    Matthew Robedee Excellence Realty

    3 Walker St Unit 4, Portland, ME 04102
  • /33

    $479,900

    • 2 Baths
    • 1,460 Sq Ft

    1 Horton Place, Portland, ME 04102

    This property features two 2-bedroom townhouse-style units with one bathroom. Apt 1 featuring finished basement. Both units have recently undergone extensive renovations such as, new roof (2024), Rinnai heaters, flooring, kitchens, bathrooms, paint and electrical upgrades and much more. The property is an excellent choice for owner-occupants looking to significantly offset their mortgage expenses

    Eddy Ahmed Real Broker

    1 Horton Place, Portland, ME 04102
  • /8

    $450,000

    • Land
    • 0.05 Acre
    • $9,000,000 per Acre

    5 Gould St, Portland, ME 04101

    Prime parking or development opportunity in Portland's Vibrant East Bayside Neighborhood!B-1 lot in downtown Portland. Where is Gould Street? Think deep East Bayside, on the hill, a 2 block dead end street above and between Lone Pine and Bellflower Brewing, near Cove St Arts and below Washington Bath. Simple and ideal for a single family home or creative development that allows for high

    Brit Vitalius Vitalius Real Estate Group, LLC

    5 Gould St, Portland, ME 04101
  • /20

    $445,000 Open Sun 11AM - 1PM

    • 1 Bed
    • 1 Bath
    • 739 Sq Ft

    65 Munjoy St Unit 4, Portland, ME 04101

    MUNJOY HILL - A RARE FIND AT THIS PRICE POINT! CONTEMPORARY AND SPACIOUS 1BR/1 BATH ON THE PEAK OF MUNJOY HILL. THE EAST END IS BRIGHT, AIRY, WITH OCEAN BREEZES. The building was constructed in 2017. The home has top quality appliances (new refrigerator and dishwasher), hardwood floors, quartz countertops, modern lighting fixtures, and washer and dryer in unit. The unit is extremely energy

    Jason Saphire www.HomeZu.com

    65 Munjoy St Unit 4, Portland, ME 04101
  • /33

    $425,000

    • Land
    • 1.08 Acres
    • $393,519 per Acre

    24 Edwards St, Portland, ME 04102

    This unique 1.08-acre lot on Peaks Island offers spectacular, unobstructed ocean views from an elevated location, ensuring privacy and investment protection. With a recent perk test, full elevation survey, and available building envelope designs, it's ready for construction. The tranquil setting provides a rare opportunity to build in this scenic, peaceful area.

    John McCarthy Legacy Properties Sotheby's International Realty

    24 Edwards St, Portland, ME 04102
  • /10

    $475,000

    • Land
    • 0.06 Acre
    • $7,916,667 per Acre

    20 Fox St, Portland, ME 04101

    Opportunity awaits at 20 Fox Street. Buildable lot in the R6 zone on Portland's peninsula. Zoning will allow anything from your single family dream home, or 4 units up to a 45' height. Views of sunsets over back cove await, don't hesitate, land doesn't come along in like this in Portland!

    Derek Goff Joseph Tomazin Signature Homes Real Estate Group, LLC

    20 Fox St, Portland, ME 04101
  • /11

    $475,000 New Construction

    • 3 Beds
    • 2 Baths
    • 1,352 Sq Ft

    16 Shepherd Ln, Portland, ME 04103

    Welcome to Shepherd Lane, Windham's newest subdivision! Located off Falmouth Road, Shepherd Lane is convenient to Portland and all that the Lakes Region has to offer. This To-Be-Built Pine Tree Colonial has 3 Bedrooms, 2 Bathrooms, and an open concept first floor. Upstairs, there are 3 bedrooms, including a primary bedroom with a walk-in closet, 2 guest bedrooms, and a full bathroom. All 13 homes

    Jason Saphire www.HomeZu.com

    16 Shepherd Ln, Portland, ME 04103
  • /46

    $475,000

    • 3 Beds
    • 1 Bath
    • 2,006 Sq Ft

    56 Constitution Dr, Westbrook, ME 04092

    Glistening from a thorough glow-up and tucked into a welcoming Westbrook neighborhood, this beautiful 3-bedroom, 1-bath home will have your heart! Fresh flooring, interior + exterior paint, heat pumps, many new windows, and a sought-after single-level layout (plus a finished basement!) are just a few of the perks of this happy place. Step inside, where a spacious mudroom offers a place for boots,

    Bridget King Jason Miller King + Miller Real Estate

    56 Constitution Dr, Westbrook, ME 04092
  • /35

    $465,000

    • 2 Beds
    • 1 Bath
    • 1,479 Sq Ft

    1 Blackstrap Rd, Falmouth, ME 04105

    Beautifully renovated Cape Cod-style home located just minutes from Portland. Step into a charming tiled mudroom with a wood stove. The living and dining rooms feature original hardwood floors, while the brand-new kitchen offers stainless steel appliances, gas range, granite countertops, and an oversized center island. The updated bathroom includes a tiled shower and a new vanity. One bedroom

    Ashley Kilmartin Landing Real Estate

    1 Blackstrap Rd, Falmouth, ME 04105

Home Trends in Portland, ME

Housing Trends

Median Sale Price
$567,662
Median Single Family Sale Price
$599,950
Median Townhouse Sale Price
$1,142,500
Median 2 Bedroom Sale Price
$597,000
Median 1 Bedroom Sale Price
$447,500
Average Price Per Sq Ft
$480
Number of Homes for Sale
154
Last 12 months Home Sales
710
Months of Supply
2.60
Median List Price
$599,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-5%
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