ZIP 04101 Housing Market & Real Estate Update — February 24, 2026

ZIP 04101 (Portland area, Cumberland County, Maine) continues to show ‘high-price, limited-choice’ conditions, but the latest closed-sale data suggests the market is not accelerating the way it did in prior years.

Top takeaways

Sale prices are slightly softer year-over-year in the most recent month of closed sales (per Redfin).
Homes are still taking about 2+ months to sell on average, so buyers may have a bit more time to decide.
Active inventory remains constrained (multiple sources show relatively low counts for a core in-town ZIP).
Rents are trending higher, keeping pressure on would-be buyers to run the buy-vs-rent math carefully.

Market snapshot

Prices & sales pace

Redfin’s ZIP-level report for January 2026 shows a median sale price around $677K, down about 1.8% from a year earlier. Homes sold after roughly 66 days on market on average, and the ZIP logged 38 closed sales for the month. Redfin also indicates sellers are typically landing just under list price on average (sale-to-list about 97.6%).

Heads-up on comparisons: Realtor.com’s ZIP overview (with a December 2025 reporting period) shows a higher ‘median home’ figure, while Zillow’s ‘typical value’ metric is a different model-based measure. Those numbers can all be ‘right’ while still differing, so focus on direction + speed, not one single headline price.

Inventory (for-sale) and leverage

Realtor.com shows roughly 54 active for-sale listings in its reporting period, and Zillow’s ZIP dashboard shows for-sale inventory around the low 40s as of late January. In plain terms: choices are still limited for buyers who want to stay on-peninsula, and well-presented units can still move quickly even if the overall pace is slower than last year.

Rentals

Realtor.com’s ZIP rental snapshot shows a median rent around $2,612/mo and a large year-over-year increase, with a notably higher count of rental listings versus the prior year. If you’re shopping rentals, watch for concessions and ‘days listed’—those can change before headline rents do.

What’s for sale nearby (no addresses)

In-town condos: Expect many of the most visible options to be 1–2 bedroom condos, often priced based on parking, HOA structure, and building updates.
Small multifamily (2–4 units): Owner-occupant buyers are still watching these closely for income potential—financing terms matter a lot here.
Limited single-family stock: Smaller homes and renovated properties tend to command premiums; price cuts are worth monitoring as spring listings ramp up.

ServiceXTC local pros (real-estate-adjacent)

Imperial Plumbing & Heating — Plumber
Dwelley Electric — Electrician
McCarthy Electric — Electrician
Kevin W Smith & Son, Inc. — Roofing contractor
A Plus Roofing — Roofing contractor

Sources

Redfin ZIP 04101 housing market trends (Jan 2026)
Zillow ZIP 04101 home values and inventory (data through late Jan 2026)
Realtor.com ZIP 04101 market overview (reporting period Dec 2025)
Redfin ZIP 04101 for-sale search page

What are you seeing right now in 04101—more price cuts, more showings, or still very tight inventory for the homes you’d actually want to buy?