Is Saline, 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, Saline has remained a Seller's Market.
Key Takeaway
Saline is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saline, MI
How much do homes in Saline, MI cost?
Median Sold Price
$408,333
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Saline have sold for 9.2% less than they did a year ago.
Summary: The median home sold price in Saline was $408,333 in March 2024, down 9.2% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $170K | N/A |
| 2 Bedrooms | $266.1K | $273.1K | +2.6% |
| 3 Bedrooms | $369.2K | $378.9K | +2.6% |
| 4 Bedrooms | $550K | $530.6K | -3.5% |
| 5+ Bedrooms | $591.6K | $650.7K | +10.0% |
Summary: Saline housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Lodi Township | $522.2K | $560K | +7.2% |
| Pittsfield Charter Township | $430K | $446.5K | +3.8% |
| York Charter Township | $518K | $495K | -4.4% |
| Saline Township | $449K | $408.3K | -9.1% |
| Saline | $449.5K | $408.3K | -9.2% |
Housing Supply in Saline, MI
How many homes are available in Saline, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 116 | 114 | -1.7% |
Summary: The Saline real estate market had 114 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 47 | 50 | +6.4% |
| 4 Bedrooms | 37 | 35 | -5.4% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Saline housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saline, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Saline in March 2024, up by 15.0% month-over-month. Of the 23 sold homes, 17% were sold under asking, 39% were sold at asking, and 43% were sold over asking.
Days on Market for Saline, MI
How long does it take to sell a home in Saline, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 105 Days | 168 Days | +59.5% |
Summary: Homes in Saline had an average of 168 days on market in Mar 2024, up by 59.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saline are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Saline; 43% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.