Is Saline, 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, Saline has remained a Seller's Market.
Key Takeaway
Saline is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saline, MI
How much do homes in Saline, MI cost?
Median Sold Price
$420,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saline have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Saline was $420,000 in May 2024, down 1.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $170K | N/A |
| 2 Bedrooms | $278K | $275K | -1.1% |
| 3 Bedrooms | $370K | $394K | +6.5% |
| 4 Bedrooms | $525K | $550.5K | +4.9% |
| 5+ Bedrooms | $601K | $654.9K | +9.0% |
Summary: Saline housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| York Charter Township | $497.5K | $550K | +10.6% |
| Pittsfield Charter Township | $438.7K | $447.6K | +2.0% |
| Lodi Township | $515K | $525K | +1.9% |
| Saline | $425K | $420K | -1.2% |
| Saline Township | $425K | $420K | -1.2% |
Housing Supply in Saline, MI
How many homes are available in Saline, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 126 | 133 | +5.6% |
Summary: The Saline real estate market had 133 homes for sale in May 2024, a 5.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 57 | 51 | -10.5% |
| 4 Bedrooms | 36 | 47 | +30.6% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Saline housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 28 | -15.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saline, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Saline in May 2024, down by 15.2% month-over-month. Of the 28 sold homes, 25% were sold under asking, 18% were sold at asking, and 57% were sold over asking.
Days on Market for Saline, MI
How long does it take to sell a home in Saline, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 35 Days | -26.7% |
Summary: Homes in Saline had an average of 35 days on market in May 2024, down by 26.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saline are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in Saline; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 11% 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.