Is Saginaw, 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, Saginaw has remained a Seller's Market.
Key Takeaway
Saginaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saginaw, MI
How much do homes in Saginaw, MI cost?
Median Sold Price
$137,563
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saginaw have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Saginaw was $137,563 in May 2024, up 15.7% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49.9K | $53.5K | +7.3% |
| 2 Bedrooms | $75K | $77.1K | +2.9% |
| 3 Bedrooms | $123K | $145.5K | +18.3% |
| 4 Bedrooms | $185K | $197K | +6.5% |
| 5+ Bedrooms | $200K | $250K | +25.0% |
Summary: Saginaw housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Buena Vista Charter Township | $57.9K | $72.2K | +24.7% |
| Saginaw | $118.9K | $137.5K | +15.7% |
| Saginaw Charter Township | $119.2K | $137.5K | +15.3% |
| Carrollton Township | $110.4K | $108K | -2.2% |
Housing Supply in Saginaw, MI
How many homes are available in Saginaw, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 359 | 382 | +6.4% |
Summary: The Saginaw real estate market had 382 homes for sale in May 2024, a 6.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 74 | 75 | +1.4% |
| 3 Bedrooms | 198 | 203 | +2.5% |
| 4 Bedrooms | 68 | 82 | +20.6% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The Saginaw housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 119 | 98 | -17.6% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saginaw, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.
Summary: A total of 98 homes were sold or pending in Saginaw in May 2024, down by 17.6% month-over-month. Of the 98 sold homes, 46% were sold under asking, 14% were sold at asking, and 40% were sold over asking.
Days on Market for Saginaw, MI
How long does it take to sell a home in Saginaw, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 35 Days | +18.7% |
Summary: Homes in Saginaw had an average of 35 days on market in May 2024, up by 18.7% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saginaw are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 98 homes were sold in Saginaw; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 
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Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.