The story of this market
The typical home in ZIP 04108 sells for about $644,000, or $368 per square foot.
Prices are down 10.46% from a year ago, which gives buyers more room to negotiate. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $1,500 a month.
ZIP 04108 — Portland
The Portland market is experiencing a cooling phase characterized by a significant year-over-year decline in median listing prices. High inventory levels relative to sales activity and rising days on market suggest a shift toward a more buyer-friendly environment.
Median prices moved down 10.5% year over year.
Homes spend a median of 46 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.0% · poverty 7.6% — a stable, low-distress profile.
ZIP code tabulation area 04108
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Maine) — Maine Resident Homestead Property Tax Exemption: Provides a reduction in the valuation of the homestead for property tax purposes. The exemption amount is set by state statute (currently $25,000 of the just value of the property). The formula is: (Just Value - Homestead Exemption) * Local Tax Rate = Tax Due.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.