Is Porter, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Porter was a Buyer's Market.
Key Takeaway
Porter is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Porter, NY
How much do homes in Porter, NY cost?
Median Sold Price
$300,250
$169/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Porter have sold for 7.6% less than they did a month ago.
Summary: The median home sold price in Porter was $300,250 in May 2024, down 7.6% from last month, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $290K | N/A |
| 3 Bedrooms | $325K | $218K | -32.9% |
| 4 Bedrooms | - | $380.2K | N/A |
| 5+ Bedrooms | - | $307.4K | N/A |
Summary: Porter 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 did not change, 3 bedroom homes decreased by 32.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Porter | $325K | $300.2K | -7.6% |
| Youngstown | $325K | $290K | -10.8% |
Housing Supply in Porter, NY
How many homes are available in Porter, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Summary: The Porter real estate market had 27 homes for sale in May 2024, a 35.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Porter 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 100%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Porter, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Porter in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Porter, NY
How long does it take to sell a home in Porter, NY?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 22 Days | +650.0% |
Summary: Homes in Porter had an average of 22 days on market in May 2024, up by 650% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Porter are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Porter; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
