$3,848 Closing Credit*
$324,000
1,810 SqFt
5 Beds
•2 Full Baths, 1 Partial
Jennifer K Boehringer, Listing Office: Chuck Jaqua, REALTOR
Is Portage Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Portage Charter Township has remained a Seller's Market.
Key Takeaway
Portage Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Portage Charter Township, MI
How much do homes in Portage Charter Township, MI cost?
Median Sold Price
$285,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+9.6%)
Key Takeaway
Homes in Portage Charter Township have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Portage Charter Township was $285,000 in October 2024, up 9.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160.5K | $86K | -46.4% |
| 2 Bedrooms | $183K | $210K | +14.8% |
| 3 Bedrooms | $245K | $255.6K | +4.3% |
| 4 Bedrooms | $319K | $335K | +5.0% |
| 5+ Bedrooms | $390.2K | $433K | +11.0% |
Summary: Portage Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.4%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 11%.
Housing Supply in Portage Charter Township, MI
How many homes are available in Portage Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 200 | 191 | -4.5% |
Summary: The Portage Charter Township real estate market had 191 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 35 | 31 | -11.4% |
| 3 Bedrooms | 74 | 76 | +2.7% |
| 4 Bedrooms | 66 | 64 | -3.0% |
| 5+ Bedrooms | 24 | 19 | -20.8% |
Summary: The Portage Charter 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 decreased by 11.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 20.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 52 | -18.8% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Portage Charter Township, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Portage Charter Township in October 2024, down by 18.8% month-over-month. Of the 52 sold homes, 54% were sold under asking, 19% were sold at asking, and 27% were sold over asking.
Days on Market for Portage Charter Township, MI
How long does it take to sell a home in Portage Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 29 Days | +35.1% |
Summary: Homes in Portage Charter Township had an average of 29 days on market in Oct 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Portage Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 52 homes were sold in Portage Charter Township; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% 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. 
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.