Is Saline, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saline is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Saline was a Seller's Market.

Key Takeaway

Saline is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Saline, MI

How much do homes in Saline, MI cost?

Median Sold Price

$425,500

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,500(+2.5%)

Key Takeaway

Homes in Saline have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Saline was $425,500 in September 2024, up 2.5% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $170K-
N/A
2 $276.8K$279.3K
+0.9%
3 $366K$393.5K
+7.5%
4 $529.9K$544.9K
+2.8%
5+ $599.9K$637K
+6.2%

Summary: Saline housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Cities

York Charter Township
+35.7%
Lodi Township
+3.1%
Saline Township
+2.6%
Saline
+2.5%
Pittsfield Charter Township
+2.3%

Housing Supply in Saline, MI

How many homes are available in Saline, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
119114-4.2%

Summary: The Saline real estate market had 114 homes for sale in September 2024, a 4.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 2218
-18.2%
3 4042
+5.0%
4 4339
-9.3%
5+ 1314
+7.7%

Summary: The Saline housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3112-61.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saline, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Saline in September 2024, down by 61.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% 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

Sep 2023Sep 2024CHANGE
34 Days70 Days+102.0%

Summary: Homes in Saline had an average of 70 days on market in Sep 2024, up by 102% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Saline has remained consistent over time.

Summary: During September 2024, 12 homes were sold in Saline; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% 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 6 Days Ago

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