This study investigates the impact of local thermal non-equilibrium on the stability analysis of partially ionized plasma within a porous medium. The plasma, heated from below, is enclosed by various combinations of bounding surfaces. Both nonlinear (via the energy method) and linear (utilizing the normal mode analysis method) analyses are performed. Eigenvalue problems for both analyses are formulated and solved using the Galerkin method. The study also explores the effects of compressibility, medium permeability and magnetic fields on system stability. The collisional frequency among plasma components and the thermal diffusivity ratio significantly influence energy decay. The results reveal that the Rayleigh–Darcy number is identical for both nonlinear and linear analyses, thus eliminating the possibility of a subcritical region and confirming global stability. The principle of exchange of stabilities is validated, indicating the absence of oscillatory convection modes. Medium permeability, heat-transfer coefficient and compressibility delay the onset of convection, demonstrating stabilizing effects. Conversely, the porosity-modified conductivity ratio hastens the convection process, indicating destabilizing effects. Rigid–rigid bounding surfaces are found to be thermally more stable for confining the partially ionized plasma. Additionally, the magnetic field exerts a stabilizing influence.