Is Portland, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Portland is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Portland was a Seller's Market.

Key Takeaway

Portland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Portland, TN cost?

Median Sold Price

$295,500

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$45,600(+18.2%)

Key Takeaway

Homes in Portland have sold for 18.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$216.5K
N/A
2 $145K$182.3K
+25.7%
3 $250K$299K
+19.6%
4 $321.5K$372.5K
+15.9%
5+ $289K$460K
+59.2%

How many homes are available in Portland, TN?

Number of Homes For Sale

Oct 2022Nov 2022%
7572-4.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 33
0.0%
3 5854
-6.9%
4 1213
+8.3%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1210-16.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Portland, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days32 Days+43.9%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Portland are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Portland, TN

Portland, TN has 72 homes for sale to choose from. The number of listings in Portland, TN decreased by 4% between October 2022 and November 2022. Listings spent 32 days on the market in November 2022, and had a median list price of $295,500 during the same period. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 25.7% more expensive, the cost of 3 bedrooms properties went up by 19.6%, 4 bedrooms properties became 15.9% more expensive, prices of 5 bedrooms properties went up by 59.2%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes decreased by 6.9%, number of 4 bedrooms homes increased by 8.3%, 5 bedrooms homes inventory did not change. While more than 2 listings in Portland, TN in November 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 5 were sold below.