Is Saginaw, 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 has remained a Seller's Market.
Housing Prices in Saginaw, MI
How much do homes in Saginaw, MI cost?
Median Sold Price
$130,012
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Saginaw was $130,012 in March 2024, up 69.7% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $46.5K | $52K | +11.8% |
2 Bedrooms | $52K | $75K | +44.2% |
3 Bedrooms | $85.2K | $136.6K | +60.3% |
4 Bedrooms | $100K | $192.5K | +92.5% |
5+ Bedrooms | $159.2K | $250K | +57.0% |
Summary: Saginaw housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 44.2%, 3 bedroom homes increased by 60.3%, 4 bedroom homes increased by 92.5%, and 5+ bedroom homes increased by 57%.
Median Sold Price Compared To Nearby Cities
Saginaw | $76.6K | $130K | +69.7% |
Buena Vista Charter Township | $56K | $72.2K | +29.0% |
Carrollton Township | $110.9K | $105K | -5.3% |
Saginaw Charter Township | $163.8K | $130K | -20.6% |
Housing Supply in Saginaw, MI
How many homes are available in Saginaw, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
313 | 331 | +5.8% |
Summary: The Saginaw real estate market had 331 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 68 | 75 | +10.3% |
3 Bedrooms | 167 | 182 | +9.0% |
4 Bedrooms | 59 | 56 | -5.1% |
5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Saginaw housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 92 | +39.4% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in Saginaw in March 2024, up by 39.4% month-over-month. Of the 92 sold homes, 58% were sold under asking, 11% were sold at asking, and 32% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 48 Days | +68.6% |
Summary: Homes in Saginaw had an average of 48 days on market in Mar 2024, up by 68.6% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During March 2024, 92 homes were sold in Saginaw; 55% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.