Is Portage Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Portage Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, IN

How much do homes in Portage Township, IN cost?

Median Sold Price

$141,250

$107/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$15,250(-9.7%)

Key Takeaway

Homes in Portage Township have sold for 9.7% less than they did a month ago.

Summary: The median home sold price in Portage Township was $141,250 in October 2024, down 9.7% from last month, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $115.7K-
N/A
2 $135K$97.5K
-27.8%
3 $159.9K$157.5K
-1.5%
4 $165K$171K
+3.7%
5+ $82.5K$242.5K
+193.9%

Summary: Portage Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.8%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 193.9%.

Median Sold Price Compared To Nearby Cities

German Township
+18.0%
South Bend
-6.3%
Portage Township
-9.7%
Clay Township
-22.5%

Housing Supply in Portage Township, IN

How many homes are available in Portage Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
413423+2.4%

Summary: The Portage Township real estate market had 423 homes for sale in October 2024, a 2.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 114122
+7.0%
3 200201
0.5%
4 7677
+1.3%
5+ 2020
0.0%

Summary: The Portage Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
11697-16.4%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Portage Township, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.

Summary: A total of 97 homes were sold or pending in Portage Township in October 2024, down by 16.4% month-over-month. Of the 90 sold homes, 52% were sold under asking, 19% were sold at asking, and 29% were sold over asking.

Days on Market for Portage Township, IN

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 16 Days Ago

Newest Listings in Portage Township, IN

Nearby Markets to Portage Township, IN

What housing markets are near Portage Township, IN?