Is Douglas, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Douglas has remained a Seller's Market.
Housing Prices in Douglas, MI
How much do homes in Douglas, MI cost?
Median Sold Price
$620,000
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Douglas was $620,000 in April 2024, up 40.9% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $218K | $299.9K | +37.6% |
2 Bedrooms | $365.5K | $418.9K | +14.6% |
3 Bedrooms | $515K | $633.5K | +23.0% |
4 Bedrooms | $691.2K | $786K | +13.7% |
5+ Bedrooms | $1.4M | $616.2K | -58.5% |
Summary: Douglas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.6%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 58.5%.
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 Douglas, MI
How many homes are available in Douglas, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Summary: The Douglas real estate market had 11 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Douglas 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Douglas in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Douglas, MI
How long does it take to sell a home in Douglas, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 20 Days | +310.0% |
Summary: Homes in Douglas had an average of 20 days on market in Apr 2024, up by 310% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Douglas; 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.