Is Porter, TX 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 November 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, TX cost?

Median Sold Price

$321,666

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$41,666(+14.9%)

Key Takeaway

Homes in Porter have sold for 14.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $185K$182.5K
-1.4%
2 $161.5K$198.5K
+22.9%
3 $245.5K$279K
+13.6%
4 $300K$347.5K
+15.8%
5+ $425.5K$491K
+15.4%

Median Sold Price Compared To Nearby Cities

Huffman
+46.1%
New Caney
+15.1%
Porter
+14.9%
Southeast Montgomery
+11.5%
Spring
+11.3%

How many homes are available in Porter, TX?

Number of Homes For Sale

Oct 2022Nov 2022%
152142-6.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 21
-50.0%
2 45
+25.0%
3 5951
-13.6%
4 7368
-6.8%
5+ 1417
+21.4%

Number of Homes Sold

Oct 2022Nov 2022%
4816-66.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was 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. 62.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
35 Days54 Days+54.1%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Porter has remained consistent over time.

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

About Porter, TX

Homes for sale in Porter, TX have reached 142. The number of listings in Porter, TX decreased by 6.6% between October 2022 and November 2022. While the average time on the market in November 2022 was 54 days, the median list price was $321,666. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties became 1.4% more cheaper, prices of 2 bedrooms properties went up by 22.9%, 3 bedrooms properties became 13.6% more expensive, prices of 4 bedrooms properties went up by 15.8%, 5 bedrooms properties prices increased by 15.4%. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 50%, the quantity of 2 bedrooms homes went up by 25%, 3 bedrooms homes inventory decreased by 13.6%, volume of 4 bedrooms homes went down by 6.8%, the quantity of 5 bedrooms homes went up by 21.4%. Over 1 listings were sold over their listed price in November 2022 in Porter, TX. In the same period over 10 listings were sold below the listed price and 5 listings were sold for the listed price.

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