$6,044 Closing Credit*
$509,000
2,578 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jarod Sadler, Listing Office: Keller Williams Realty Mt. Juliet
Is Portland, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Portland has remained a Seller's Market.
Key Takeaway
Portland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Portland, TN
How much do homes in Portland, TN cost?
Median Sold Price
$344,987
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$29,987(+9.5%)
Key Takeaway
Homes in Portland have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Portland was $344,987 in December 2024, up 9.5% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $148K | $92.5K | -37.5% |
| 2 Bedrooms | $230K | $225.9K | -1.8% |
| 3 Bedrooms | $312K | $340K | +9.0% |
| 4 Bedrooms | $431.2K | $475K | +10.1% |
| 5+ Bedrooms | $505K | $506K | 0.2% |
Summary: Portland housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.5%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 0.2%.
Housing Supply in Portland, TN
How many homes are available in Portland, TN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 151 | 141 | -6.6% |
Summary: The Portland real estate market had 141 homes for sale in December 2024, a 6.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 120 | 109 | -9.2% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Portland housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portland, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Portland in December 2024, up by 3.8% month-over-month. Of the 27 sold homes, 52% were sold under asking, 22% were sold at asking, and 26% were sold over asking.
Days on Market for Portland, TN
How long does it take to sell a home in Portland, TN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 43 Days | 40 Days | -8.1% |
Summary: Homes in Portland had an average of 40 days on market in Dec 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Portland are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 27 homes were sold in Portland; 48% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2025 of the REALTRACS MLS. All rights Reserved.