Is Portage Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Portage Township has remained a Seller's Market.
Key Takeaway
Portage Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Portage Township, OH
How much do homes in Portage Township, OH cost?
Median Sold Price
$261,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Portage Township have sold for 46.4% more than they did a year ago.
Summary: The median home sold price in Portage Township was $261,000 in May 2024, up 46.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $47.3K | $169K | +257.3% |
| 2 Bedrooms | $84K | $189.4K | +125.5% |
| 3 Bedrooms | $152.5K | $245K | +60.7% |
| 4 Bedrooms | $193K | $340K | +76.2% |
| 5+ Bedrooms | $212.5K | $250K | +17.6% |
Summary: Portage Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 257.3%, 2 bedroom homes increased by 125.5%, 3 bedroom homes increased by 60.7%, 4 bedroom homes increased by 76.2%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
| Portage Township | $178.2K | $261K | +46.4% |
| Catawba Island Township | $415K | $483K | +16.4% |
| Lakeside Marblehead | $377.5K | $437.9K | +16.0% |
| Danbury Township | $384K | $439.9K | +14.6% |
| Port Clinton | $283K | $285K | +0.7% |
Housing Supply in Portage Township, OH
How many homes are available in Portage Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Portage Township real estate market had 5 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Portage Township housing inventory by bedroom type for May 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
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Portage Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Portage Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Portage Township, OH
How long does it take to sell a home in Portage Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 9 Days | -83.0% |
Summary: Homes in Portage Township had an average of 9 days on market in May 2024, down by 83% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Portage Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Portage Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.