Is Porter Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Porter Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, OH

How much do homes in Porter Township, OH cost?

Median Sold Price

$600,000

$166/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$1,039,000(-63.4%)

Key Takeaway

Homes in Porter Township have sold for 63.4% less than they did a month ago.

Summary: The median home sold price in Porter Township was $600,000 in November 2024, down 63.4% from last month, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.6M$600K
-63.4%
4 --
N/A
5+ --
N/A

Summary: Porter Township housing prices by bedroom type for November 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 decreased by 63.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Porter Township
-63.4%
South Bloomfield Township
-90.8%

Housing Supply in Porter Township, OH

How many homes are available in Porter Township, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
21-50.0%

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

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Porter Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

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

Days on Market for Porter Township, OH

How long does it take to sell a home in Porter Township, OH?

Average Sale Time

Oct 2024Nov 2024CHANGE
188 Days126 Days-33.0%

Summary: Homes in Porter Township had an average of 126 days on market in Nov 2024, down by 33% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Porter Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Porter Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 2 Days Ago

Newest Listings in Porter Township, OH

Nearby Markets to Porter Township, OH

What housing markets are near Porter Township, OH?