$10,000 Closing Credit*
$1,249,000
John Stanley, Listing Office: RE/MAX Associates Northeast
Is Porter, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Porter was a Seller's Market.
Key Takeaway
Porter is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Porter, TX
How much do homes in Porter, TX cost?
Median Sold Price
$340,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,471(+9.8%)
Key Takeaway
Homes in Porter have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Porter was $340,000 in November 2024, up 9.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $339.2K | $350K | +3.2% |
| 3 Bedrooms | $272.9K | $285K | +4.4% |
| 4 Bedrooms | $334.6K | $375.2K | +12.2% |
| 5+ Bedrooms | $420K | $439.9K | +4.7% |
Summary: Porter 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 3.2%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Porter | $309.5K | $340K | +9.8% |
| Spring | $347.8K | $369.8K | +6.3% |
| Southeast Montgomery | $339.5K | $354.7K | +4.5% |
| New Caney | $275K | $284.9K | +3.6% |
| Huffman | $275K | $264.9K | -3.6% |
Housing Supply in Porter, TX
How many homes are available in Porter, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 241 | 260 | +7.9% |
Summary: The Porter real estate market had 260 homes for sale in November 2024, a 7.9% increase 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 | 14 | 20 | +42.9% |
| 3 Bedrooms | 85 | 93 | +9.4% |
| 4 Bedrooms | 119 | 127 | +6.7% |
| 5+ Bedrooms | 23 | 20 | -13.0% |
Summary: The Porter 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 increased by 42.9%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 13%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 30 | -21.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Porter, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Porter in November 2024, down by 21.1% month-over-month. Of the 30 sold homes, 57% were sold under asking, 27% were sold at asking, and 17% were sold over asking.
Days on Market for Porter, TX
How long does it take to sell a home in Porter, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 50 Days | -9.1% |
Summary: Homes in Porter had an average of 50 days on market in Nov 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Porter are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in Porter; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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Based on Information provided by South Texas MLS, LLC ©2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The MLS aggregate data is a copyright of Texas Association of REALTORS® (TAR) and that the reader may not reproduce or distribute the MLS aggregate data. IDX information is provided exclusively for consumers’ personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.