Is Port Sheldon Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Sheldon Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Port Sheldon Township has remained a Seller's Market.

Key Takeaway

Port Sheldon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Port Sheldon Township, MI

How much do homes in Port Sheldon Township, MI cost?

Median Sold Price

$495,000

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$52,550(+11.9%)

Key Takeaway

Homes in Port Sheldon Township have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in Port Sheldon Township was $495,000 in September 2024, up 11.9% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $376K$270K
-28.2%
3 $434.9K$440K
+1.2%
4 $524.9K$594.9K
+13.3%
5+ $550K$720.7K
+31.0%

Summary: Port Sheldon Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.2%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 31%.

Median Sold Price Compared To Nearby Cities

Olive Township
+23.6%
Port Sheldon Township
+11.9%
West Olive
+11.8%
Park Township
+8.8%
Grand Haven Charter Township
+3.8%

Housing Supply in Port Sheldon Township, MI

How many homes are available in Port Sheldon Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1917-10.5%

Summary: The Port Sheldon Township real estate market had 17 homes for sale in September 2024, a 10.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 44
0.0%
4 1210
-16.7%
5+ 22
0.0%

Summary: The Port Sheldon Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Sheldon Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Port Sheldon Township in September 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Sep 2023Sep 2024CHANGE
29 Days23 Days-20.7%

Summary: Homes in Port Sheldon Township had an average of 23 days on market in Sep 2024, down by 20.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Port Sheldon Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 4 homes were sold in Port Sheldon Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Port Sheldon Township, MI

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What housing markets are near Port Sheldon Township, MI?