Is Saginaw County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saginaw County is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Saginaw County has remained a Seller's Market.

Key Takeaway

Saginaw County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saginaw County, MI

How much do homes in Saginaw County, MI cost?

Median Sold Price

$150,000

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$8,451(+6.0%)

Key Takeaway

Homes in Saginaw County have sold for 6% more than they did a year ago.

Summary: The median home sold price in Saginaw County was $150,000 in January 2024, up 6% from last year, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $51.5K$53.5K
+3.9%
2 $84.9K$81.2K
-4.3%
3 $144.9K$151.7K
+4.7%
4 $220K$217.7K
-1.0%
5+ $217.5K$285.6K
+31.3%

Summary: Saginaw County housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 31.3%.

Median Sold Price Compared To Nearby Counties

Saginaw County
+6.0%
Genesee County
+3.3%
Bay County
+1.6%
Shiawassee County
0.1%
Tuscola County
0.1%

Housing Supply in Saginaw County, MI

How many homes are available in Saginaw County, MI?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
510471-7.6%

Summary: The Saginaw County real estate market had 471 homes for sale in January 2024, a 7.6% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 68
+33.3%
2 8180
-1.2%
3 280252
-10.0%
4 123109
-11.4%
5+ 2022
+10.0%

Summary: The Saginaw County housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
135116-14.1%

Asking Price vs. Sold Price

75 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saginaw County, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 116 homes were sold or pending in Saginaw County in January 2024, down by 14.1% month-over-month. Of the 116 sold homes, 65% were sold under asking, 11% were sold at asking, and 24% 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

Jan 2023Jan 2024CHANGE
38 Days44 Days+17.0%

Summary: Homes in Saginaw County had an average of 44 days on market in Jan 2024, up by 17% compared to last year.

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saginaw County are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 116 homes were sold in Saginaw County; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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