Is Port Huron Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Huron Charter Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Port Huron Charter Township has remained a Seller's Market.

Key Takeaway

Port Huron Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Port Huron Charter Township, MI

How much do homes in Port Huron Charter Township, MI cost?

Median Sold Price

$155,000

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$12,000(+8.4%)

Key Takeaway

Homes in Port Huron Charter Township have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Port Huron Charter Township was $155,000 in April 2024, up 8.4% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $107.4K$16K
-85.1%
2 $127.4K$122K
-4.3%
3 $155K$166K
+7.1%
4 $148.5K$180.4K
+21.5%
5+ $155K$150K
-3.2%

Summary: Port Huron Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 85.1%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes decreased by 3.2%.

Median Sold Price Compared To Nearby Cities

Smiths Creek
+24.3%
Fort Gratiot
+12.9%
Fort Gratiot Charter Township
+9.4%
Port Huron
+9.3%
Port Huron Charter Township
+8.4%

Housing Supply in Port Huron Charter Township, MI

How many homes are available in Port Huron Charter Township, MI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
79106+34.2%

Summary: The Port Huron Charter Township real estate market had 106 homes for sale in April 2024, a 34.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 1616
0.0%
3 3958
+48.7%
4 1823
+27.8%
5+ 57
+40.0%

Summary: The Port Huron Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 48.7%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1831+72.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Huron Charter Township, you could pay more than the asking price. 41.9% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in Port Huron Charter Township in April 2024, up by 72.2% month-over-month. Of the 31 sold homes, 26% were sold under asking, 32% were sold at asking, and 42% were sold over asking.

Days on Market for Port Huron Charter Township, MI

How long does it take to sell a home in Port Huron Charter Township, MI?

Average Sale Time

Apr 2023Apr 2024CHANGE
77 Days14 Days-81.2%

Summary: Homes in Port Huron Charter Township had an average of 14 days on market in Apr 2024, down by 81.2% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Port Huron Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 31 homes were sold in Port Huron Charter Township; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

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

Report Updated 16 Days Ago

Newest Listings in Port Huron Charter Township, MI

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