$5,344 Closing Credit*
$450,000
3,100 SqFt
5 Beds
•3 Full Baths
Jennifer Kerrn, Listing Office: Keller Williams Realty Group
Is Porter 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, Porter Township has remained a Seller's Market.
Key Takeaway
Porter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Porter Township, MI
How much do homes in Porter Township, MI cost?
Median Sold Price
$485,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$90,000(+22.8%)
Key Takeaway
Homes in Porter Township have sold for 22.8% more than they did a year ago.
Summary: The median home sold price in Porter Township was $485,000 in November 2024, up 22.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $213K | $455K | +113.6% |
| 3 Bedrooms | $380K | $415.2K | +9.3% |
| 4 Bedrooms | $746.2K | $538.7K | -27.8% |
| 5+ Bedrooms | $950K | $990K | +4.2% |
Summary: Porter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 113.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Porter Township | $395K | $485K | +22.8% |
| Constantine Township | $180K | $200K | +11.1% |
| Mottville Township | $420K | $210K | -50.0% |
Housing Supply in Porter Township, MI
How many homes are available in Porter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Summary: The Porter Township real estate market had 20 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Porter 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 decreased by 40%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Porter Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Porter Township in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Porter Township, MI
How long does it take to sell a home in Porter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 103 Days | 33 Days | -67.8% |
Summary: Homes in Porter Township had an average of 33 days on market in Nov 2024, down by 67.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Porter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Porter Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
