Is Portage, MI 49024 a buyer’s or seller’s market?
Portage is a seller’s market. With about 1.5 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 82% of U.S. ZIP codes, and #130 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Portage housing market right now
In the three months ending August 31, 2026, 33% of homes in Portage, MI 49024 sold above their list price, the typical home went under contract in 12 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 131 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold more slowly (8 days then) and the median sale price fell 6% to $319,762. Overall, Portage is more competitive than a year ago, so tougher for buyers.
Within Kalamazoo County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 88%. On our competition score, Portage ranks #130 of 510 MI ZIP codes with enough sales (score 77 out of 100).
Nearby, buyers who want less competition could look at Fulton 49052 (0% sold over asking) or Climax 49034 (0% sold over asking).
Run the numbers for 49024
Nearby markets
Augusta 49012Seller’s market $214 /sq ftClimax 49034Buyer’s market $180 /sq ftFulton 49052Seller’s market $117 /sq ftGalesburg 49053Seller’s market $195 /sq ft Browse all markets →Towns like Portage nearby
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Questions about Portage real estate
Is Portage a buyer’s or seller’s market?
A seller’s market: there were 1.5 months of supply in Portage, MI 49024 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Portage?
The typical home went under contract in 12 days in the latest three months.
Do homes in Portage sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 99.4% of the list price.
What are property taxes in Portage?
About 1.45% of a home’s value a year in Kalamazoo County, or roughly $5,800 on a $400,000 home.
What is the median home price in Portage?
The median sale price was $319,762 in the three months ending August 31, 2026, about $165 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology