Is Saugatuck, 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, Saugatuck has remained a Seller's Market.
Housing Prices in Saugatuck, MI
How much do homes in Saugatuck, MI cost?
Median Sold Price
$625,000
$406/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Saugatuck was $625,000 in May 2024, up 3.5% from last year, and the median price per square foot was $406.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $212.5K | -7.6% |
2 Bedrooms | $488.6K | $585K | +19.7% |
3 Bedrooms | $610K | $555K | -9.0% |
4 Bedrooms | $780K | $865K | +10.9% |
5+ Bedrooms | $1.0M | $902.5K | -14.0% |
Summary: Saugatuck housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes increased by 19.7%, 3 bedroom homes decreased by 9%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 14%.
Median Sold Price Compared To Nearby Cities
Douglas | $465K | $647K | +39.1% |
Saugatuck Township | $575K | $615K | +7.0% |
Saugatuck | $604K | $625K | +3.5% |
Housing Supply in Saugatuck, MI
How many homes are available in Saugatuck, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 39 | +30.0% |
Summary: The Saugatuck real estate market had 39 homes for sale in May 2024, a 30.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Saugatuck housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Saugatuck in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Saugatuck, MI
How long does it take to sell a home in Saugatuck, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 48 Days | +744.7% |
Summary: Homes in Saugatuck had an average of 48 days on market in May 2024, up by 744.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Saugatuck; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.