Is Saugatuck Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saugatuck Township is a buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Saugatuck Township, MI

How much do homes in Saugatuck Township, MI cost?

Median Sold Price

$594,500

$348/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$34,500(+6.2%)

Key Takeaway

Homes in Saugatuck Township have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Saugatuck Township was $594,500 in April 2024, up 6.2% from last year, and the median price per square foot was $348.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $248.5K$207.5K
-16.5%
2 $510K$575K
+12.7%
3 $550K$535K
-2.7%
4 $625K$865K
+38.4%
5+ $900K$795K
-11.7%

Summary: Saugatuck Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 38.4%, and 5+ bedroom homes decreased by 11.7%.

Median Sold Price Compared To Nearby Cities

Douglas
+40.9%
Saugatuck Township
+6.2%
Saugatuck
+2.4%
Laketown Township
+2.3%
Manlius Township
-3.6%

Housing Supply in Saugatuck Township, MI

How many homes are available in Saugatuck Township, MI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2738+40.7%

Summary: The Saugatuck Township real estate market had 38 homes for sale in April 2024, a 40.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 912
+33.3%
4 711
+57.1%
5+ 68
+33.3%

Summary: The Saugatuck Township 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 40%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saugatuck Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Saugatuck Township in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for Saugatuck Township, MI

How long does it take to sell a home in Saugatuck Township, MI?

Average Sale Time

Apr 2023Apr 2024CHANGE
95 Days55 Days-41.7%

Summary: Homes in Saugatuck Township had an average of 55 days on market in Apr 2024, down by 41.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saugatuck Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in Saugatuck Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 16 Days Ago

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