$2,730 Closing Credit*
$229,900
1,310 SqFt
2 Beds
•1 Full Bath
#50160122, The Ryan Valderas & Erica Roseberry Team, Listing Office: Berkshire Hathaway HomeServices, Bay City
Is Portsmouth Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Portsmouth Charter Township has remained a Seller's Market.
Key Takeaway
Portsmouth Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Portsmouth Charter Township, MI
How much do homes in Portsmouth Charter Township, MI cost?
Median Sold Price
$152,500
$105/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$10,000(-6.2%)
Key Takeaway
Homes in Portsmouth Charter Township have sold for 6.2% less than they did a month ago.
Summary: The median home sold price in Portsmouth Charter Township was $152,500 in October 2024, down 6.2% from last month, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $152.5K | N/A |
| 4 Bedrooms | $162.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Portsmouth Charter Township housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Munger | $137.4K | $165K | +20.0% |
| Portsmouth Charter Township | $162.5K | $152.5K | -6.2% |
Housing Supply in Portsmouth Charter Township, MI
How many homes are available in Portsmouth Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Summary: The Portsmouth Charter Township real estate market had 5 homes for sale in October 2024, a 66.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Portsmouth 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 increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Portsmouth Charter Township, 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 Portsmouth Charter Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Portsmouth Charter Township, MI
How long does it take to sell a home in Portsmouth Charter Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 38 Days | +250.0% |
Summary: Homes in Portsmouth Charter Township had an average of 38 days on market in Oct 2024, up by 250% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Portsmouth Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Portsmouth Charter Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.