Photo: Ichabod · CC BY-SA 3.0266 homes sold in Portland in the last year, at a typical $311K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Portland homes are listed.
Every place Portland homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Portland.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 98% of Portland’s sales, at a typical $309K (year to May 2026)
266 homes sold in the year to September 2026.
typical sale · 243 sold in the year to May 2026
- Per square foot
- $218TN $209
- Days to sell
- 65
- Sold over asking
- 21%
- Listings with a price cut
- 29%
Multi-family (2–4 units): 3 sold, typical $410K
Townhouses: 2 sold, typical $268K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
266 sales in the last year, against 331 in 2021 and a low of 211 in 2023. The typical sale went from $146K in 2016 to $311K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $300K buys in Portland
Check a listing against what Portland homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Portland are rarer than before the pandemic, and more homes are for sale
We read every month of Portland’s home sales since 2013 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 266 sales.
If you’re buying in Portland
- Shop in October. It brings about 27 new listings a month, close to the busiest month, with fewer bidding wars (22% over asking).
- Bid near asking. Buyers paid 98.8% of the list price on average; 16% paid over.
- You’ll usually have time. Only 24% of homes go under contract within two weeks; the typical one takes 69 days.
Summer brings both the most homes and the most bidding wars
August has the most new listings (about 32 a month), but June is the most competitive: 32% of June sales close over asking. September and October offer nearly as much choice with fewer homes bid up (26%). January has the least competition (22%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Tennessee as a whole
| Portland now | 2017–19 | 2021 peak | TN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 16% | 27% | 41% | 13% |
| Gone within two weeksShare of homes under contract within 14 days | 24% | 48% | 62% | 26% |
| Price paid vs. askingAverage sale price ÷ list price | 98.8% | 98.8% | 100% | 97.3% |
| Days to sellMedian days from listing to contract | 69 | 57 | 35 | 72 |
97 homes for sale on a typical day
That’s twice the 2021 low (46) and 42% more than in 2017–19.
Portland ranks 29th of 126 busy Tennessee markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Portland is one of the state’s hottest markets.
Source: Redfin Data Center, city figures, January 2013 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Portland home costs about $1,747 a month
Price: Portland’s typical sale, last 12 months. Property tax at Portland’s 0.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Portland is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in August
The month with the most choice. December has the fewest, about 20.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $311K home, about $1,490 a year.
Taxes vs. neighborsSchools
The schools grade for Portland, from test results, graduation and how much students grow.
Schools in PortlandTypical commute
The average one-way trip to work for people who live in Portland.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Franklin, White House and Westmoreland sell for less a square foot
The busier markets within 25 miles of Portland, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Gallatin | 1,135 | $428K | $216 | 14% | 79 |
| White House | 552 | $382K | $204 | 15% | 82 |
| Portland | 266 | $311K | $219 | 16% | 69 |
| Franklin | 193 | $264K | $183 | 9% | 127 |
| Millersville | 94 | $351K | $216 | 21% | 78 |
| Shackle Island | 47 | $770K | $246 | 12% | 73 |
| Westmoreland | 32 | $284K | $210 | 15% | 107 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Portland, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Portland. People who follow the town see it, and so do people comparing Portland with their own town. No commission, no listing fee.
Questions about buying a home in Portland
What do homes sell for in Portland, TN?
266 homes sold in the year to September 2026 at a typical $311K, $219 a square foot.
Is Portland a buyer’s or seller’s market?
A balanced market: 112 homes were for sale in September 2026 and 23 sold, about 4.8 months of supply. Buyers paid 98.8% of asking on average.
When is the best time to buy in Portland?
August brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Portland?
About 0.5% of a home’s value a year. On a $311K home that’s near $1,490.
Where can I see homes for sale in Portland?
Zillow, Redfin, Realtor.com and Homes.com all carry Portland’s MLS listings; the search links above open each one filtered to Portland.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).