Is Saginaw County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Saginaw County has remained a Seller's Market.
Housing Prices in Saginaw County, MI
How much do homes in Saginaw County, MI cost?
Median Sold Price
$155,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Saginaw County was $155,000 in March 2024, up 8.5% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $51K | $70K | +37.3% |
2 Bedrooms | $85K | $81.7K | -3.8% |
3 Bedrooms | $142.7K | $160K | +12.1% |
4 Bedrooms | $220K | $222.2K | +1.0% |
5+ Bedrooms | $262.4K | $287.4K | +9.5% |
Summary: Saginaw County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Counties
Saginaw County | $142.9K | $155K | +8.5% |
Genesee County | $189.5K | $195.1K | +2.9% |
Bay County | $135.4K | $137.5K | +1.6% |
Shiawassee County | $175K | $175.7K | 0.4% |
Tuscola County | $165K | $165.2K | 0.1% |
Housing Supply in Saginaw County, MI
How many homes are available in Saginaw County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
440 | 467 | +6.1% |
Summary: The Saginaw County real estate market had 467 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 78 | 88 | +12.8% |
3 Bedrooms | 238 | 261 | +9.7% |
4 Bedrooms | 93 | 91 | -2.2% |
5+ Bedrooms | 24 | 21 | -12.5% |
Summary: The Saginaw County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
95 | 118 | +24.2% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 118 homes were sold or pending in Saginaw County in March 2024, up by 24.2% month-over-month. Of the 118 sold homes, 59% were sold under asking, 11% were sold at asking, and 30% were sold over asking.
Days on Market for Saginaw County, MI
How long does it take to sell a home in Saginaw County, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 48 Days | +15.6% |
Summary: Homes in Saginaw County had an average of 48 days on market in Mar 2024, up by 15.6% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During March 2024, 118 homes were sold in Saginaw County; 54% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.