Is Portage, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Portage is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Portage was a Seller'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

$235,000

$154/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$14,900(-6.0%)

Key Takeaway

Homes in Portage have sold for 6% less than they did a month ago.

Summary: The median home sold price in Portage was $235,000 in February 2024, down 6% from last month, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $211.4K$191.5K
-9.4%
3 $312K$255.5K
-18.1%
4 $280K-
N/A
5+ --
N/A

Summary: Portage housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 18.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Portage, WI

How many homes are available in Portage, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3127-12.9%

Summary: The Portage real estate market had 27 homes for sale in February 2024, a 12.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 98
-11.1%
4 1311
-15.4%
5+ 00
0.0%

Summary: The Portage housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Portage, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Portage in February 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Portage, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 27 Days Ago

Newest Listings in Portage, WI

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