Is Portage, WI 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, Portage has remained a Buyer's Market.
Key Takeaway
Portage is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Portage, WI
How much do homes in Portage, WI cost?
Median Sold Price
$235,950
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Portage have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Portage was $235,950 in March 2024, up 7.2% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $105K | -30.0% |
| 2 Bedrooms | $245K | $183.5K | -25.1% |
| 3 Bedrooms | $230K | $239.9K | +4.3% |
| 4 Bedrooms | $52K | $265.5K | +410.6% |
| 5+ Bedrooms | $51K | $264.5K | +418.6% |
Summary: Portage housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30%, 2 bedroom homes decreased by 25.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 410.6%, and 5+ bedroom homes increased by 418.6%.
Housing Supply in Portage, WI
How many homes are available in Portage, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 45 | +50.0% |
Summary: The Portage real estate market had 45 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 9 | 16 | +77.8% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Portage 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 25%, 3 bedroom homes increased by 77.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portage, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Portage in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Portage, WI
We’re sorry, we don't have information for this market at the moment
