Housing market spotlight: Go north to ZIP code 37148

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

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

Folks sit down as they attend the 5th Annual Farm to Table Dinner in Portland, Tenn., on Saturday, August 28, 2021.
Folks sit down as they attend the 5th Annual Farm to Table Dinner in Portland, Tenn., on Saturday, August 28, 2021.

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

Giant strawberries enhance the landscape during the 78th Annual Middle Tennessee Strawberry Festival presented by the Portland Chamber of Commerce in Portland on Saturday, May 11.
Giant strawberries enhance the landscape during the 78th Annual Middle Tennessee Strawberry Festival presented by the Portland Chamber of Commerce in Portland on Saturday, May 11.

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

Homes move quickly

As of this time in 2020, homes in 37148 spent an average of 21 days on the market. This year so far, homes spend about 31 days on the market.

Prices rise

The median sales price of a home at this time in 2020 was $289,900. This year, the median sales price is $360,000.

Fewer closings

Home buyers closed on 15 homes in 37148 as of this time in 2020. So far this year, home buyers have closed on eight homes. Current inventory is three homes.

This article originally appeared on Nashville Tennessean: Housing market spotlight: Go north to ZIP code 37148

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