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

$147,000

$113/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$9,500(+6.9%)

Key Takeaway

Homes in Portage Township have sold for 6.9% more than they did a month ago.

Summary: The median home sold price in Portage Township was $147,000 in November 2024, up 6.9% from last month, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$76.2K
N/A
2 $93.7K$100K
+6.7%
3 $154.4K$191.2K
+23.8%
4 $168K$133.9K
-20.2%
5+ $242.5K$1.3M
+473.2%

Summary: Portage Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 23.8%, 4 bedroom homes decreased by 20.2%, and 5+ bedroom homes increased by 473.2%.

Median Sold Price Compared To Nearby Cities

Clay Township
+39.8%
South Bend
+23.6%
German Township
+17.0%
Portage Township
+6.9%

Housing Supply in Portage Township, IN

How many homes are available in Portage Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
408426+4.4%

Summary: The Portage Township real estate market had 426 homes for sale in November 2024, a 4.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 120125
+4.2%
3 188206
+9.6%
4 7872
-7.7%
5+ 1920
+5.3%

Summary: The Portage Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9682-14.6%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

20 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. 51.9% of homes here sold below asking price last month.

Summary: A total of 82 homes were sold or pending in Portage Township in November 2024, down by 14.6% month-over-month. Of the 77 sold homes, 52% were sold under asking, 22% were sold at asking, and 26% were sold over asking.

Days on Market for Portage Township, IN

How long does it take to sell a home in Portage Township, IN?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 82 homes were sold in Portage Township; 1% 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.

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

Report Updated 17 Days Ago

Newest Listings in Portage Township, IN

Nearby Markets to Portage Township, IN

What housing markets are near Portage Township, IN?