Housing market spotlight: Check out the trends in 37148, Portland

Every Sunday, The Tennessean highlights a different ZIP code, as we strive to inform readers and help them navigate Middle Tennessee’s real estate market.

The sun sets as the Portland Farm to Table Dinner is underway on Saturday, August 12, 2022.
The sun sets as the Portland Farm to Table Dinner is underway on Saturday, August 12, 2022.

This week, we travel north to ZIP code 37148, which has a population of about 24,500. The area is about 45 minutes from downtown Nashville. Its largest city, Portland, sits in both Sumner and Robertson counties at the Kentucky-Tennessee border on the Highland Rim.

MAY 11MIDDLE TENNESSEE STRAWBERRY FESTIVAL: 9 a.m. downtown Portland, free, middletnstrawberryfestival.com
MAY 11MIDDLE TENNESSEE STRAWBERRY FESTIVAL: 9 a.m. downtown Portland, free, middletnstrawberryfestival.com

Attractions in this ZIP code include Sumner Crest Winery, Days Gone By Museum. Portland is famous for its Middle Tennessee Strawberry Festival held in May.

By the numbers, here’s what’s going on in 37148 according to data from the Greater Nashville Realtors.

Home prices rise

Median sales price of a home in 37148 is $310,000. At this time last year, that price was $262,450.

Homes move quickly

Homes spend an average of 30 days on the market right now. At this time last year, homes spent about 22 days on the market.

Closings down a bit

Home buyers have closed on 536 homes so far this year. Last year at this time, home buyers closed on 570 homes. Current inventory is 106 homes.

This article originally appeared on Nashville Tennessean: Housing market spotlight: Check out the trends in 37148, Portland

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