Is Porter, TX 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, Porter has remained a Seller's Market.
Housing Prices in Porter, TX
How much do homes in Porter, TX cost?
Median Sold Price
$315,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Porter was $315,000 in March 2024, down 4.5% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182.5K | - | N/A |
2 Bedrooms | $215K | $347.3K | +61.6% |
3 Bedrooms | $285.5K | $269.5K | -5.6% |
4 Bedrooms | $355.3K | $350.5K | -1.4% |
5+ Bedrooms | $460K | $461K | 0.2% |
Summary: Porter 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 61.6%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
Southeast Montgomery | $372.3K | $356K | -4.4% |
Porter | $329.8K | $315K | -4.5% |
Spring | $367.1K | $350K | -4.7% |
New Caney | $313.6K | $293.1K | -6.5% |
Huffman | $362K | $285K | -21.3% |
Housing Supply in Porter, TX
How many homes are available in Porter, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
183 | 213 | +16.4% |
Summary: The Porter real estate market had 213 homes for sale in March 2024, a 16.4% 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 | 7 | 8 | +14.3% |
3 Bedrooms | 78 | 87 | +11.5% |
4 Bedrooms | 83 | 98 | +18.1% |
5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The Porter 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 increased by 14.3%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 44 | +41.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Porter in March 2024, up by 41.9% month-over-month. Of the 44 sold homes, 66% were sold under asking, 23% were sold at asking, and 11% were sold over asking.
Days on Market for Porter, TX
How long does it take to sell a home in Porter, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 58 Days | -18.0% |
Summary: Homes in Porter had an average of 58 days on market in Mar 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 44 homes were sold in Porter; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.