Is Port Sheldon Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Port Sheldon Township has remained a Seller's Market.
Housing Prices in Port Sheldon Township, MI
How much do homes in Port Sheldon Township, MI cost?
Median Sold Price
$495,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Port Sheldon Township was $495,000 in May 2024, up 13.1% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $360K | $360K | 0.0% |
3 Bedrooms | $425K | $456K | +7.3% |
4 Bedrooms | $472.5K | $550K | +16.4% |
5+ Bedrooms | $485K | $681.2K | +40.5% |
Summary: Port Sheldon 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 did not change, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 40.5%.
Median Sold Price Compared To Nearby Cities
Olive Township | $310K | $410K | +32.3% |
Port Sheldon Township | $437.5K | $495K | +13.1% |
Park Township | $389.4K | $425K | +9.1% |
Grand Haven Charter Township | $330.6K | $356.3K | +7.8% |
West Olive | $425K | $456K | +7.3% |
Housing Supply in Port Sheldon Township, MI
How many homes are available in Port Sheldon Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 27 | +58.8% |
Summary: The Port Sheldon Township real estate market had 27 homes for sale in May 2024, a 58.8% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 5 | 11 | +120.0% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Port Sheldon 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 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 120%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Port Sheldon Township in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 0% were sold at asking, and 86% were sold over asking.
Days on Market for Port Sheldon Township, MI
How long does it take to sell a home in Port Sheldon Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 4 Days | -89.2% |
Summary: Homes in Port Sheldon Township had an average of 4 days on market in May 2024, down by 89.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Port Sheldon Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.