Is Porter, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Porter is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Porter was a Seller's Market.

Key Takeaway

Porter is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Porter, NY cost?

Median Sold Price

$257,719

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

-$2,281(-0.9%)

Key Takeaway

Homes in Porter have sold for 0.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $142.5K$150K
+5.2%
2 $243K$211K
-13.2%
3 $239.2K$260K
+8.7%
4 $287.5K$282.5K
-1.7%
5+ $385.9K$400K
+3.6%

Median Sold Price Compared To Nearby Cities

Porter
-0.9%
Ransomville
-5.3%
Youngstown
-14.6%

How many homes are available in Porter, NY?

Number of Homes For Sale

Aug 2022Sep 2022%
4427-38.6%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 21
-50.0%
2 64
-33.3%
3 2014
-30.0%
4 136
-53.8%
5+ 32
-33.3%

Number of Homes Sold

Aug 2022Sep 2022%
113-72.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Porter, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
18 Days12 Days-32.8%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Porter 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 Porter, NY

Number of homes for sale in Porter, NY real estate market have reached 27. The number of homes for sale in Porter, NY decreased by 38.6% between August 2022 and September 2022. While the average time on the market in September 2022 was 12 days, the median list price was $257,719. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties prices increased by 5.2%, prices of 2 bedrooms properties went down by 13.2%, 3 bedrooms properties prices increased by 8.7%, prices of 4 bedrooms properties decreased by 1.7%, prices of 5 bedrooms properties went up by 3.6%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 50%, 2 bedrooms homes inventory decreased by 33.3%, the quantity of 3 bedrooms homes went down by 30%, 4 bedrooms homes inventory decreased by 53.8%, 5 bedrooms homes became 33.3% less available. In September 2022, from all listings sold in Porter, NY there were more than 0 sold above asking price, over 2 sold below and more than 1 were sold right at the asked price.