Is Portsmouth Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Portsmouth Charter Township was a Neutral Market.
Key Takeaway
Portsmouth Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Portsmouth Charter Township, MI
How much do homes in Portsmouth Charter Township, MI cost?
Median Sold Price
$211,450
$145/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Portsmouth Charter Township have sold for 11.3% more than they did a month ago.
Summary: The median home sold price in Portsmouth Charter Township was $211,450 in April 2024, up 11.3% from last month, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $152.9K | N/A |
| 3 Bedrooms | $190K | - | N/A |
| 4 Bedrooms | - | $270K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Portsmouth Charter Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Portsmouth Charter Township | $190K | $211.4K | +11.3% |
| Hampton Charter Township | $187.1K | $190K | +1.5% |
Housing Supply in Portsmouth Charter Township, MI
How many homes are available in Portsmouth Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Portsmouth Charter Township real estate market had 6 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Portsmouth Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portsmouth Charter Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Portsmouth Charter Township in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Portsmouth Charter Township, MI
How long does it take to sell a home in Portsmouth Charter Township, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 46 Days | +228.6% |
Summary: Homes in Portsmouth Charter Township had an average of 46 days on market in Apr 2024, up by 228.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Portsmouth Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Portsmouth Charter Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.