Is Saugatuck, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Saugatuck was a Seller's Market.
Key Takeaway
Saugatuck is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saugatuck, MI
How much do homes in Saugatuck, MI cost?
Median Sold Price
$618,700
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Saugatuck have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Saugatuck was $618,700 in April 2024, up 2.4% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267K | $207.5K | -22.3% |
| 2 Bedrooms | $488.6K | $585K | +19.7% |
| 3 Bedrooms | $635K | $555K | -12.6% |
| 4 Bedrooms | $875K | $890K | +1.7% |
| 5+ Bedrooms | $1.0M | $902.5K | -14.0% |
Summary: Saugatuck housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.3%, 2 bedroom homes increased by 19.7%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 14%.
Median Sold Price Compared To Nearby Cities
| Douglas | $439.9K | $620K | +40.9% |
| Saugatuck Township | $560K | $594.5K | +6.2% |
| Saugatuck | $604K | $618.7K | +2.4% |
Housing Supply in Saugatuck, MI
How many homes are available in Saugatuck, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Summary: The Saugatuck real estate market had 29 homes for sale in April 2024, a 31.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Saugatuck housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saugatuck, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Saugatuck in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Saugatuck, MI
How long does it take to sell a home in Saugatuck, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saugatuck are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Saugatuck; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
