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 March 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
$455,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Port Sheldon Township have sold for 5% less than they did a year ago.
Summary: The median home sold price in Port Sheldon Township was $455,000 in March 2024, down 5% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $392K | $320K | -18.4% |
| 3 Bedrooms | $525K | $440K | -16.2% |
| 4 Bedrooms | $499.9K | $542.4K | +8.5% |
| 5+ Bedrooms | $485K | $568.5K | +17.2% |
Summary: Port Sheldon Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.4%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Olive Township | $354K | $383K | +8.2% |
| Park Township | $399.9K | $424.9K | +6.3% |
| Grand Haven Charter Township | $344.9K | $349.9K | +1.5% |
| Port Sheldon Township | $478.7K | $455K | -5.0% |
| West Olive | $450K | $425K | -5.6% |
Housing Supply in Port Sheldon Township, MI
How many homes are available in Port Sheldon Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Summary: The Port Sheldon Township real estate market had 18 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Port Sheldon Township housing inventory by bedroom type for March 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 25%, 4 bedroom homes increased by 300%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Port Sheldon Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Port Sheldon Township in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 17 Days | -55.8% |
Summary: Homes in Port Sheldon Township had an average of 17 days on market in Mar 2024, down by 55.8% compared to last year.
Breakdown of Home Sale Times
5 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 Port Sheldon Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Port Sheldon Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
