Is Portsmouth Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Portsmouth Charter Township is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Portsmouth Charter Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Portsmouth Charter Township, MI cost?

Median Sold Price

$143,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$14,500(-9.2%)

Key Takeaway

Homes in Portsmouth Charter Township have sold for 9.2% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $45K-
N/A
2 $82K$115.4K
+40.8%
3 $164K$164K
0.0%
4 $189.5K$180K
-5.0%
5+ $40K-
N/A

Median Sold Price Compared To Nearby Cities

Bay City
+17.7%
Hampton Charter Township
+0.6%
Portsmouth Charter Township
-9.2%

How many homes are available in Portsmouth Charter Township, MI?

Number of Homes For Sale

Oct 2022Nov 2022%
1511-26.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 53
-40.0%
3 54
-20.0%
4 54
-20.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
46+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Portsmouth Charter Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
14 Days46 Days+213.6%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Portsmouth Charter Township, MI

Number of homes for sale in Portsmouth Charter Township, MI real estate market have reached 11. The number of homes for sale in Portsmouth Charter Township, MI decreased by 26.7% between October 2022 and November 2022. In November 2022 median list price was $143,000 and the average listing age was 46 days. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 40.8%, prices of 3 bedrooms properties stayed the same, 4 bedrooms properties became 5% more cheaper, 5 bedrooms properties prices increased by 0%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went down by 40%, the quantity of 3 bedrooms homes went down by 20%, volume of 4 bedrooms homes went down by 20%, volume of 5 bedrooms homes stayed the same. Portsmouth Charter Township, MI housing market in November 2022 saw over 3 listings sold above listed price, more than 1 sold at listed price and over 2 sold below.

Related Housing Market Reports