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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saginaw Charter Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Saginaw Charter Township has remained a Seller's Market.

Key Takeaway

Saginaw Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saginaw Charter Township, MI

How much do homes in Saginaw Charter Township, MI cost?

Median Sold Price

$142,750

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,035(+13.6%)

Key Takeaway

Homes in Saginaw Charter Township have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in Saginaw Charter Township was $142,750 in October 2024, up 13.6% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $50.9K$54.3K
+6.7%
2 $76.5K$80K
+4.6%
3 $131.8K$150K
+13.8%
4 $190K$203K
+6.8%
5+ $248.7K$215K
-13.6%

Summary: Saginaw Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 13.6%.

Median Sold Price Compared To Nearby Cities

Thomas Township
+17.0%
Saginaw Charter Township
+13.6%
Saginaw
+13.4%
Carrollton Township
+11.9%

Housing Supply in Saginaw Charter Township, MI

How many homes are available in Saginaw Charter Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
422441+4.5%

Summary: The Saginaw Charter Township real estate market had 441 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 7084
+20.0%
3 230240
+4.3%
4 9190
-1.1%
5+ 2925
-13.8%

Summary: The Saginaw Charter Township 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 increased by 20%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 13.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
11198-11.7%

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saginaw Charter Township, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Summary: A total of 98 homes were sold or pending in Saginaw Charter Township in October 2024, down by 11.7% month-over-month. Of the 98 sold homes, 52% were sold under asking, 16% were sold at asking, and 32% were sold over asking.

Days on Market for Saginaw Charter Township, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days27 Days-19.2%

Summary: Homes in Saginaw Charter Township had an average of 27 days on market in Oct 2024, down by 19.2% compared to last year.

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 98 homes were sold in Saginaw Charter Township; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% 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 20 Days Ago

Newest Listings in Saginaw Charter Township, MI

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