$2,369 Closing Credit*
$199,500
1,374 SqFt
3 Beds
•1 Full Bath
Missy L Dahlinger, Listing Office: Berkshire Hathaway HomeServices MI
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 November 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
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,405(+7.7%)
Key Takeaway
Homes in Portage Charter Township have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Portage Charter Township was $285,000 in November 2024, up 7.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.5K | $95K | -3.6% |
| 2 Bedrooms | $179.9K | $200K | +11.1% |
| 3 Bedrooms | $242.7K | $259.9K | +7.1% |
| 4 Bedrooms | $325.1K | $331K | +1.8% |
| 5+ Bedrooms | $449.9K | $431.7K | -4.0% |
Summary: Portage Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 4%.
Housing Supply in Portage Charter Township, MI
How many homes are available in Portage Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 194 | 171 | -11.9% |
Summary: The Portage Charter Township real estate market had 171 homes for sale in November 2024, a 11.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 30 | 25 | -16.7% |
| 3 Bedrooms | 81 | 72 | -11.1% |
| 4 Bedrooms | 64 | 56 | -12.5% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Portage Charter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 49 | -15.5% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 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. 63.3% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Portage Charter Township in November 2024, down by 15.5% month-over-month. Of the 49 sold homes, 63% were sold under asking, 20% were sold at asking, and 16% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 28 Days | +37.1% |
Summary: Homes in Portage Charter Township had an average of 28 days on market in Nov 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 49 homes were sold in Portage Charter Township; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% 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. 
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.