Is Porter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Porter Township was a Neutral Market.
Housing Prices in Porter Township, MI
How much do homes in Porter Township, MI cost?
Median Sold Price
$399,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Porter Township was $399,000 in May 2024, up 1.5% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | - | N/A |
2 Bedrooms | $315K | $290K | -7.9% |
3 Bedrooms | $399K | $310K | -22.3% |
4 Bedrooms | $465.5K | $809.2K | +73.8% |
5+ Bedrooms | $1.6M | $1.0M | -32.8% |
Summary: Porter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 22.3%, 4 bedroom homes increased by 73.8%, and 5+ bedroom homes decreased by 32.8%.
Median Sold Price Compared To Nearby Cities
Porter Township | $393.2K | $399K | +1.5% |
Constantine Township | $196K | $180K | -8.2% |
Housing Supply in Porter Township, MI
How many homes are available in Porter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 26 | +18.2% |
Summary: The Porter Township real estate market had 26 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Porter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Porter Township in May 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Porter Township, MI
How long does it take to sell a home in Porter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 114 Days | +418.2% |
Summary: Homes in Porter Township had an average of 114 days on market in May 2024, up by 418.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Porter Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.