Is Saginaw, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Saginaw has remained a Seller's Market.
Housing Prices in Saginaw, MI
How much do homes in Saginaw, MI cost?
Median Sold Price
$131,280
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Saginaw was $131,280 in April 2024, up 54.9% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52K | $52K | 0.0% |
2 Bedrooms | $57.5K | $75K | +30.4% |
3 Bedrooms | $91.5K | $138.5K | +51.3% |
4 Bedrooms | $106.9K | $196K | +83.3% |
5+ Bedrooms | $159.2K | $250K | +57.0% |
Summary: Saginaw housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 51.3%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes increased by 57%.
Median Sold Price Compared To Nearby Cities
Saginaw | $84.7K | $131.2K | +54.9% |
Buena Vista Charter Township | $59.9K | $66.9K | +11.7% |
Carrollton Township | $110.9K | $110K | -0.8% |
Saginaw Charter Township | $156.4K | $131.3K | -16.0% |
Housing Supply in Saginaw, MI
How many homes are available in Saginaw, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
358 | 350 | -2.2% |
Summary: The Saginaw real estate market had 350 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 3 | -50.0% |
2 Bedrooms | 76 | 73 | -3.9% |
3 Bedrooms | 195 | 192 | -1.5% |
4 Bedrooms | 64 | 67 | +4.7% |
5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The Saginaw housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
92 | 116 | +26.1% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 116 homes were sold or pending in Saginaw in April 2024, up by 26.1% month-over-month. Of the 116 sold homes, 51% were sold under asking, 19% were sold at asking, and 30% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
83 Days | 38 Days | -53.6% |
Summary: Homes in Saginaw had an average of 38 days on market in Apr 2024, down by 53.6% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 116 homes were sold in Saginaw; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.