Is Port Huron, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Port Huron has remained a Seller's Market.
Housing Prices in Port Huron, MI
How much do homes in Port Huron, MI cost?
Median Sold Price
$155,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Port Huron was $155,000 in May 2024, up 6.3% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $91.1K | $16K | -82.4% |
2 Bedrooms | $124K | $123.9K | 0% |
3 Bedrooms | $155K | $167K | +7.7% |
4 Bedrooms | $163.9K | $179.9K | +9.7% |
5+ Bedrooms | $175K | $138K | -21.1% |
Summary: Port Huron housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 82.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 21.1%.
Median Sold Price Compared To Nearby Cities
Fort Gratiot | $225K | $256K | +13.8% |
Fort Gratiot Charter Township | $225K | $252K | +12.0% |
Port Huron Charter Township | $145K | $155K | +6.9% |
Port Huron | $145.7K | $155K | +6.3% |
Housing Supply in Port Huron, MI
How many homes are available in Port Huron, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
122 | 137 | +12.3% |
Summary: The Port Huron real estate market had 137 homes for sale in May 2024, a 12.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 21 | 27 | +28.6% |
3 Bedrooms | 66 | 73 | +10.6% |
4 Bedrooms | 25 | 27 | +8.0% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Port Huron housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 37 | +15.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Port Huron in May 2024, up by 15.6% month-over-month. Of the 37 sold homes, 41% were sold under asking, 22% were sold at asking, and 38% were sold over asking.
Days on Market for Port Huron, MI
How long does it take to sell a home in Port Huron, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 27 Days | -24.6% |
Summary: Homes in Port Huron had an average of 27 days on market in May 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in Port Huron; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.