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PORTLAND, IN 47371

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The PORTLAND, IN real estate market (47371) currently shows 21 active listings, with 7 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 45 days on market compared to 46 days last year.

The median listing price has risen 15.9% year-over-year, from $134,900 to $156,350.

Whether you are buying or selling in PORTLAND, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 12,462  ·  Density: 21.9/mi²  ·  Median household income: $55,830

Typical home value: $106,879  ·  Homeownership: 75.3%

Market Overview

Active Listings
21
⇧ 31.3% vs 16 last year
Pending
7
33% pending ratio
Median Price
$156,350
⇧ 15.9% vs $134,900 last year
Average Price
$182,873
⇧ 16.3% vs $157,300 last year
Days on Market
45
⇩ 2.2% vs 46 days last year

Price Per Square Foot

Median $/sqft
$110
⇧ 8.9% vs $101/sqft last year
Median Home Size
1,687 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 21 this year vs 16 last year
  • Days on market: 45 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $156,350 (+15.9% YoY)
  • Average: $182,873 (+16.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.3 miles — 108 listings ($18,723,162 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47371Portland, IN 473710.0 mi22$3,779,292$152,400$171,786
47380Ridgeville, IN 4738010.0 mi4$243,732$75,000$60,933
47369Pennville, IN 4736911.6 mi2$270,000$135,000$135,000
46740Geneva, IN 4674012.7 mi5$1,124,750$224,950$224,950
47336Dunkirk, IN 4733613.2 mi18$1,682,658$81,037$93,481
47390Union City, IN 4739015.8 mi16$2,940,992$195,000$183,812
45390Union City, OH 4539017.1 mi5$955,815$172,875$191,163
45310Burkettsville, OH 4531017.3 mi1$375,000$375,000$375,000
47340Farmland, IN 4734018.8 mi9$2,052,108$194,900$228,012
47359Montpelier, IN 4735919.5 mi7$772,933$91,200$110,419
47338Eaton, IN 4733820.7 mi9$2,123,172$165,550$235,908
46772Monroe, IN 4677221.1 mi5$1,412,250$282,450$282,450
45303Ansonia, OH 4530321.3 mi5$990,460$193,725$198,092

Frequently Asked Questions

How many homes are for sale in PORTLAND, IN 47371?

As of March 2026, there are 21 active listings in PORTLAND, IN (zip code 47371), compared to 16 the prior year.

What is the median home price in PORTLAND, IN 47371?

The median listing price in PORTLAND, IN 47371 is $156,350 as of March 2026, a 15.9% increase from $134,900 the prior year.

How long do homes stay on the market in PORTLAND, IN?

Homes in PORTLAND, IN 47371 spend an average of 45 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in PORTLAND, IN 47371?

Based on current inventory and days-on-market data as of March 2026, PORTLAND, IN 47371 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 45 days on market compared to 46 days last year.

How much can I save on real estate commission in PORTLAND, IN?

With SELL123.com's maximum 3% commission, sellers in PORTLAND, IN 47371 save an estimated $3,127 compared to a typical 5% commission on the median listing price of $156,350. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.