Port Sheldon Township Housing Market Report December 2024Ottawa County, Michigan

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Housing Prices in Port Sheldon Township, MI

How much do homes in Port Sheldon Township, MI cost?

Housing Market Conditions

Is Port Sheldon Township, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Port Sheldon Township is a Seller's Market

Difference Since November 2024

Last month, Port Sheldon Township has remained a Seller's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$472,450$170/SqFt
-$234,050
-33.1%

Based on all homes sold in December 2024

Insight

Homes in Port Sheldon Township have sold for 33.1% less than they did a month ago.

Summary: The median home sold price in Port Sheldon Township was $472,450 in December 2024, down 33.1% from last month, and the median price per square foot was $170.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Olive Township
+135.5%
Port Sheldon Township
-33.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1$1.2M-
N/A
2--
N/A
3$617.5K-
N/A
4$430K$387K
-10.0%
5$706.5K$515K
-27.1%

Summary: Port Sheldon Township housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes decreased by -10.0%. The home price for 5 bedroom homes decreased by -27.1%.

Housing supply in Port Sheldon Township, MI

How many homes are available in Port Sheldon Township, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
15Last MonthDec 2024
202 months agoNov 2024
-25.0 %
Change MoMNov – Dec

Summary: The Port Sheldon Township real estate market had 15 homes for sale in Dec 2024, a 25.0 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthDec 2024
72 months agoNov 2024
-14.3 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
110
-100.0%
200
0.0%
321
-50.0%
41210
-16.7%
554
-20.0%

Summary: Port Sheldon Township housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -50.0%. The inventory for 4 bedroom homes decreased by -16.7%. The inventory for 5 bedroom homes decreased by -20.0%.

Asking Price vs. Sold Price

How much do homes in Port Sheldon Township, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price3 Homes

Insight

If you're buying a home in Port Sheldon Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Port Sheldon Township in December 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and and 17% were sold over asking.

Days on Market for Port Sheldon Township, MI

How long does it take to sell a home in Port Sheldon Township, MI?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days4 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in Port Sheldon Township has remained consistent over time.

Summary: During December 2024, 6 homes were sold in Port Sheldon Township; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
47 DaysLast MonthDec 2024
41 Days1 month agoNov 2024
+15.1 %
Change MoMNov – Dec

Summary: Homes in Port Sheldon Township had an average listing age of 47 days in Dec 2024, up by 15.1% compared to the previous month.

Newest Listings in Port Sheldon Township, MI

What homes are available in Port Sheldon Township, MI?

MLS Disclaimers and Copyright

Based on information from Michigan Regional Information Center LLC, and RealComp II Ltd. for the period 11/01/2024 - 01/01/2025

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Last updated on: 1/17/2025, 11:51:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 2:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.