Is Portage Township, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Portage Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Portage Township has remained a Seller's Market.

Key Takeaway

Portage Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Portage Township, MN

How much do homes in Portage Township, MN cost?

Median Sold Price

$385,000

$381/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$35,000(+10.0%)

Key Takeaway

Homes in Portage Township have sold for 10% more than they did a month ago.

Summary: The median home sold price in Portage Township was $385,000 in October 2024, up 10% from last month, and the median price per square foot was $381.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$385K
N/A
3 --
N/A
4 $350K-
N/A
5+ --
N/A

Summary: Portage 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

Portage Township
+10.0%
Northeast Saint Louis
-9.5%

Housing Supply in Portage Township, MN

How many homes are available in Portage Township, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
21-50.0%

Summary: The Portage Township real estate market had 1 homes for sale in October 2024, a 50.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 00
0.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The Portage 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were 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 Portage Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Portage Township in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Portage Township, MN

How long does it take to sell a home in Portage Township, MN?

Average Sale Time

Sep 2024Oct 2024CHANGE
103 Days1 Day-99.0%

Summary: Homes in Portage Township had an average of 1 days on market in Oct 2024, down by 99% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Portage Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Portage Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in Portage Township, MN

Nearby Markets to Portage Township, MN