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Portland, TN 37148 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Portland, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.06
ActiveActive listings: 5353PendingPending sales: 33
Portland, TN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $380k$380kSoldMedian sold price (last 6 months): $325k$325k
What homes actually sell for in Portland, TN
Distribution of 312 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $286k to $400k
$135k to $206k: 17 sales$135k$206k to $276k: 33 sales$276k to $347k: 126 sales126sales$276k$347k to $418k: 51 sales$418k to $488k: 19 sales$418k$488k to $559k: 16 sales$559k to $629k: 13 sales$559k$629k to $700k: 6 salesMedian $325k

What the numbers say

As of October 5, 2026, Resideline is tracking 53 active listings and 3 pending sales in ZIP code 37148. That pending-to-active ratio of 0.06 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $379,900, while the median of the 312 closed sales Resideline tracked over the last six months was $325,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 37148 for 69 days.

Frequently asked questions

What is the median home price in 37148?

The median closed sale price in Portland, TN 37148 was $325,000 over the last six months, based on 312 closed sales tracked by Resideline. The middle half of those sales ranged from $286,000 to $400,000.

Is 37148 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 53 active listings in 37148, a pending-to-active ratio of 0.06. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 37148 currently looks like a balanced market.

Nearby ZIP code market data

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