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Portage, IN Housing Market

Portage Indiana Home Values January 1st – Oct 28th 2017 Vs 2018

  Well, everything you have heard is completely true. The Real Estate market is doing exceptionally well right now. Home prices are rising, mainly because of the lack of inventory in the market place. Here I have some numbers for your, so you know exactly what is going on in the Portage, IN Real Estate market. I compared 2017 to 2018 in this report and I counted all residential properties in Portage Indiana.

One thing I look at is a price per square foot as an indicator. See the average or median is 1 way a lot of people track value or market conditions. That to me doesn’t say anything because you must compare that property to what was being sold in the market place. In 2018 there has been a 10.6% increase per square foot, with the average sale price increasing 6.3% to $171,378.

So why are the home values going up? There are a lot of ways to answer this question, but button line the market is doing much better. I feel like a lot of people are buying before the interest rates rise, as well as the new construction is booming in Portage. Portage is a community that is growing and is bringing in a lot of jobs. With that the housing market will follow. Home sales are up 11.11% in 2018.

Another thing we hear is how fast homes are selling. Some homes are selling within hours of being on the market. The reality is the average time on market is now 64 days which is down 14.66% from 2017. That means we are 100% in a sellers’ market and the absorption rate is right at 2 months.

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About Brent Wright

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Brent Wright

Real Estate Professional - Realtor

219-706-2998219-706-2998 main

Brent W. Wright - McColly Real Estate

Serving Northwest Indiana! Beverly Shores IN, Burns Harbor IN, Cedar Lake IN, Chesterton IN, Crown Point IN, DeMotte IN, Dune Acres IN, Dyer IN, East Chicago IN, Gary IN, Griffith IN, Hammond IN, Hebron IN, Highland IN, Hobart IN, Kouts IN, Lake Station IN, Long Beach IN, Lowell IN, Merrillville IN, Munster IN, Ogden Dunes IN, Portage IN, Porter IN, Schererville IN, Saint John IN, Valparaiso IN, Wanatah IN, Westville IN, Whiting IN, Winfield IN



Brent has stuck by my side through the whole process. If I want to see a house, immediately he sets up a time and we are looking at the house. You can always get ahold of him. He is very knowledgeable too!


Brent is an amazing person, He helps in any way he can to his fullest! He isn't just doing his job, he goes above and beyond. With any question given, he has an answer every time and even if he did not know the answer, he would do whatever research needed so... (more)

5chris reed28

Brent is very hardworking. Best realestate agent to have. He showed me tons of homes in my price range and offered his expert opinion and background of the neighborhoods we were in.

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