End of the year 2016 market update for Porter County looks at three key areas: Valparaiso, Portage, and Chesterton.
2016 was a great year for real estate in the three key areas of Porter County! Sales Prices were up, the number of homes sold were up, and market time was down in Valparaiso, Portage, and Chesterton! The fact that homes are selling in less than 3 months indicates that we are experiencing a seller’s market in some areas. Remember that depending on what price range you are in affects your market time. In the past year, homes that were priced over $250,000 had longer market times.
Currently, inventories in many of the price ranges are low which is good news for sellers!
Porter County
- Year - # Sold - Avg List Price - Avg Sales Price - Avg Days on Market
- 2015 - 2233 - $200,132 - $194,021 - 88
- 2016 - 2456 - $209,974 - $204,072 - 82
Valparaiso
- Year - # Sold - Avg List Price - Avg Sales Price - Avg Days on Market
- 2015 - 1171 - $210,106 - $204,076 - 84
- 2016 - 1284 - $225,480 - $219,949 - 80
Portage
- Year - # Sold - Avg List Price - Avg Sales Price - Avg Days on Market
- 2015 - 426 - $144,219 - $140,233 - 92
- 2016 - 459 - $145,759 - $142,540 - 73
Chesterton
- Year - # Sold - Avg List Price - Avg Sales Price - Avg Days on Market
- 2015 - 214 - $217,325 - $209,488 - 90
- 2016 - 241 - $235,055 - $226,141 - 82
Good news for Lake County as well. Sales were up in the 2nd half of 2016!
- Year - # Sold - Avg Sales Price - Avg Days on Market
- 2015 - 5670 - $155,337 - 86
- 2016 - 6320 - $161,871 - 78