Portland Housing Market Report February 2025•Ionia County, Michigan

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Housing Prices in Portland, MI

How much do homes in Portland, MI cost?

Housing Market Conditions

Is Portland, 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

Portland is a Buyer's Market

Difference Since February 2024

At the same time last year, Portland was a Seller's Market.

Insight

Portland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$249,600$150/SqFt
+$9,600
+4.0%

Based on all homes sold in the last 12 months

Insight

Homes in Portland have sold for 4% more than they did a year ago.

Summary: The median home sold price in Portland was $249,600 in February 2025, up 4% from last year, and the median price per square foot was $150.

Median Sold Price By Cities

Median Sold Price By Cities
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 YoY
Portland
+4.0%
Portland Township
+3.0%

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.
BedsFeb 2024Feb 2025Change YoY
1$155K$212.5K
+37.1%
2$130.5K$174.9K
+34.0%
3$230K$245K
+6.5%
4$295K$308.9K
+4.7%
5$419.1K$369.7K
-11.8%

Summary: Portland housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +37.1%. The home price for 2 bedroom homes increased by +34.0%. The home price for 3 bedroom homes increased by +6.5%. The home price for 4 bedroom homes increased by +4.7%. The home price for 5 bedroom homes decreased by -11.8%.

Housing supply in Portland, MI

How many homes are available in Portland, 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
25Last MonthFeb 2025
212 months agoJan 2025
+19.0 %
Change MoMJan – Feb

Summary: The Portland real estate market had 25 homes for sale in Feb 2025, a 19.0 % increase compared to Jan 2025.

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
3Last MonthFeb 2025
22 months agoJan 2025
+50.0 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
100
0.0%
235
+66.7%
31011
+10.0%
467
+16.7%
522
0.0%

Summary: Portland housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +66.7%. The inventory for 3 bedroom homes increased by +10.0%. The inventory for 4 bedroom homes increased by +16.7%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Portland, 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 Price0 Home

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Portland, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Portland in February 2025, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and and 0% were sold over asking.

Days on Market for Portland, MI

How long does it take to sell a home in Portland, MI?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

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

Summary: During February 2025, 3 homes were sold in Portland; 33% 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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
14 DaysThis YearFeb 2025
98 Days1 year agoFeb 2024
-85.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Portland had an average listing age of 14 days in Feb 2025, down by 85.8% compared to the previous year.

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Newest Listings in Portland, MI

What homes are available in Portland, MI?

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Nearby markets

Popular Cities with Homes for Sale in Michigan

MLS Disclaimers and Copyright

Based on information from Greater Lansing MLS, RealComp II Ltd., and Michigan Regional Information Center LLC for the period 03/01/2023 - 03/01/2025

IDX Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

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Last updated on: 3/6/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/6/2025, 9:20:57 AM 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: 3/6/2025, 9:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.