Is Port Sanilac, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Sanilac is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Port Sanilac was a Seller's Market.

Key Takeaway

Port Sanilac is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Port Sanilac, MI

How much do homes in Port Sanilac, MI cost?

Median Sold Price

$429,750

$185/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$272,750(+173.7%)

Key Takeaway

Homes in Port Sanilac have sold for 173.7% more than they did a month ago.

Summary: The median home sold price in Port Sanilac was $429,750 in November 2024, up 173.7% from last month, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $143.5K-
N/A
3 $1.2M$99.5K
-92.2%
4 -$760K
N/A
5+ --
N/A

Summary: Port Sanilac 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 did not change, 3 bedroom homes decreased by 92.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Port Sanilac, MI

How many homes are available in Port Sanilac, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
14140.0%

Summary: The Port Sanilac real estate market had 14 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 67
+16.7%
4 45
+25.0%
5+ 00
0.0%

Summary: The Port Sanilac 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 decreased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Sanilac, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Port Sanilac in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Port Sanilac, MI

How long does it take to sell a home in Port Sanilac, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
85 Days145 Days+71.2%

Summary: Homes in Port Sanilac had an average of 145 days on market in Nov 2024, up by 71.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Port Sanilac has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Port Sanilac; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 21 Days Ago

Newest Listings in Port Sanilac, MI

Nearby Markets to Port Sanilac, MI