Is Sawyer, 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, Sawyer has remained a Seller's Market.
Housing Prices in Sawyer, MI
How much do homes in Sawyer, MI cost?
Median Sold Price
$415,500
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sawyer was $415,500 in March 2024, down 2.2% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185.5K | $259K | +39.6% |
2 Bedrooms | $348.5K | $506.5K | +45.3% |
3 Bedrooms | $435K | $390K | -10.3% |
4 Bedrooms | $405K | $423.5K | +4.6% |
5+ Bedrooms | $1.0M | $1.4M | +45.7% |
Summary: Sawyer housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.6%, 2 bedroom homes increased by 45.3%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 45.7%.
Median Sold Price Compared To Nearby Cities
Bridgman | $314.5K | $338.7K | +7.7% |
Chikaming Township | $600K | $601K | 0.2% |
Sawyer | $425K | $415.5K | -2.2% |
Housing Supply in Sawyer, MI
How many homes are available in Sawyer, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Summary: The Sawyer real estate market had 15 homes for sale in March 2024, a 50.0% increase 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 | 3 | 3 | 0.0% |
3 Bedrooms | 5 | 9 | +80.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Sawyer 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 remained the same, 3 bedroom homes increased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Sawyer in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Sawyer, MI
How long does it take to sell a home in Sawyer, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
117 Days | 56 Days | -52.1% |
Summary: Homes in Sawyer had an average of 56 days on market in Mar 2024, down by 52.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Sawyer; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.