Is Portsmouth Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Portsmouth Charter Township has remained a Seller's Market.
Key Takeaway
Portsmouth Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Portsmouth Charter Township, MI
How much do homes in Portsmouth Charter Township, MI cost?
Median Sold Price
$226,500
$148/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Portsmouth Charter Township have sold for 7.1% more than they did a month ago.
Summary: The median home sold price in Portsmouth Charter Township was $226,500 in May 2024, up 7.1% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $152.9K | $120.5K | -21.2% |
| 3 Bedrooms | - | $234K | N/A |
| 4 Bedrooms | $270K | $226.5K | -16.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Portsmouth Charter Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes did not change.
Housing Supply in Portsmouth Charter Township, MI
How many homes are available in Portsmouth Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Summary: The Portsmouth Charter Township real estate market had 15 homes for sale in May 2024, a 87.5% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 7 | +250.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Portsmouth Charter 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 remained the same, 3 bedroom homes increased by 250%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portsmouth Charter Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Portsmouth Charter Township in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Portsmouth Charter Township, MI
How long does it take to sell a home in Portsmouth Charter Township, MI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 15 Days | -66.1% |
Summary: Homes in Portsmouth Charter Township had an average of 15 days on market in May 2024, down by 66.1% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Portsmouth Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Portsmouth Charter Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.