Is Saugatuck, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Saugatuck was a Seller's Market.
Housing Prices in Saugatuck, MI
How much do homes in Saugatuck, MI cost?
Median Sold Price
$618,700
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Saugatuck was $618,700 in April 2024, up 2.4% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $267K | $207.5K | -22.3% |
2 Bedrooms | $488.6K | $585K | +19.7% |
3 Bedrooms | $635K | $555K | -12.6% |
4 Bedrooms | $875K | $890K | +1.7% |
5+ Bedrooms | $1.0M | $902.5K | -14.0% |
Summary: Saugatuck housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.3%, 2 bedroom homes increased by 19.7%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 14%.
Median Sold Price Compared To Nearby Cities
Douglas | $439.9K | $620K | +40.9% |
Saugatuck Township | $560K | $594.5K | +6.2% |
Saugatuck | $604K | $618.7K | +2.4% |
Housing Supply in Saugatuck, MI
How many homes are available in Saugatuck, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 29 | +31.8% |
Summary: The Saugatuck real estate market had 29 homes for sale in April 2024, a 31.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 5 | 9 | +80.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Saugatuck housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Saugatuck in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% 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?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Saugatuck; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.