$5,046 Closing Credit*
$424,900
1,031 SqFt
2 Beds
•2 Full Baths, 1 Partial
Samuel Avila, Listing Office: City2Shore Gateway Group
Is Douglas, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Douglas was a Neutral Market.
Key Takeaway
Douglas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Douglas, MI
How much do homes in Douglas, MI cost?
Median Sold Price
$665,000
$429/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$115,000(+20.9%)
Key Takeaway
Homes in Douglas have sold for 20.9% more than they did a year ago.
Summary: The median home sold price in Douglas was $665,000 in October 2024, up 20.9% from last year, and the median price per square foot was $429.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | $324.9K | +46.1% |
| 2 Bedrooms | $405K | $449.5K | +11.0% |
| 3 Bedrooms | $471.2K | $870K | +84.6% |
| 4 Bedrooms | $805K | $795K | -1.2% |
| 5+ Bedrooms | $969K | $857.5K | -11.5% |
Summary: Douglas housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.1%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 84.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Cities
| Douglas | $550K | $665K | +20.9% |
| Saugatuck Township | $589.7K | $625K | +6.0% |
| Saugatuck | $627.9K | $650K | +3.5% |
Housing Supply in Douglas, MI
How many homes are available in Douglas, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 13 | -40.9% |
Summary: The Douglas real estate market had 13 homes for sale in October 2024, a 40.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 5 | -50.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Douglas housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Douglas, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Douglas in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 28 Days | +700.0% |
Summary: Homes in Douglas had an average of 28 days on market in Oct 2024, up by 700% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Douglas are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Douglas; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
