Is Porter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Porter Township was a Buyer's Market.
Housing Prices in Porter Township, MI
How much do homes in Porter Township, MI cost?
Median Sold Price
$349,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Porter Township was $349,000 in March 2024, down 2.7% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $189K | $367.5K | +94.4% |
3 Bedrooms | $367.5K | $309.7K | -15.7% |
4 Bedrooms | $400K | $349K | -12.8% |
5+ Bedrooms | $145.4K | - | N/A |
Summary: Porter 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 increased by 94.4%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lawton | $211K | $299.9K | +42.2% |
Marcellus Township | $174K | $177.5K | +2.0% |
Antwerp Township | $290K | $295K | +1.7% |
Porter Township | $358.7K | $349K | -2.7% |
Housing Supply in Porter Township, MI
How many homes are available in Porter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Summary: The Porter Township real estate market had 12 homes for sale in March 2024, a 7.7% decrease 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 | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Porter 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 decreased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Porter Township in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Porter Township, MI
How long does it take to sell a home in Porter Township, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Porter Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.