Is Saugatuck Township, 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 Township was a Seller's Market.
Housing Prices in Saugatuck Township, MI
How much do homes in Saugatuck Township, MI cost?
Median Sold Price
$594,500
$348/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Saugatuck Township was $594,500 in April 2024, up 6.2% from last year, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $248.5K | $207.5K | -16.5% |
2 Bedrooms | $510K | $575K | +12.7% |
3 Bedrooms | $550K | $535K | -2.7% |
4 Bedrooms | $625K | $865K | +38.4% |
5+ Bedrooms | $900K | $795K | -11.7% |
Summary: Saugatuck Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 38.4%, and 5+ bedroom homes decreased by 11.7%.
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% |
Laketown Township | $434.9K | $445K | +2.3% |
Manlius Township | $342.5K | $330K | -3.6% |
Housing Supply in Saugatuck Township, MI
How many homes are available in Saugatuck Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 38 | +40.7% |
Summary: The Saugatuck Township real estate market had 38 homes for sale in April 2024, a 40.7% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Saugatuck Township 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 40%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Saugatuck Township in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Saugatuck Township, MI
How long does it take to sell a home in Saugatuck Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
95 Days | 55 Days | -41.7% |
Summary: Homes in Saugatuck Township had an average of 55 days on market in Apr 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Saugatuck Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.