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 November 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

$143,910

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,092(+12.6%)

Key Takeaway

Homes in Saginaw Charter Township have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in Saginaw Charter Township was $143,910 in November 2024, up 12.6% from last year, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $52K$55.1K
+6.0%
2 $75K$80K
+6.7%
3 $132.1K$150K
+13.5%
4 $180.7K$200.2K
+10.8%
5+ $243.5K$209.9K
-13.8%

Summary: Saginaw Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 13.8%.

Median Sold Price Compared To Nearby Cities

Thomas Township
+17.9%
Saginaw Charter Township
+12.6%
Saginaw
+12.5%
Carrollton Township
+4.8%

Housing Supply in Saginaw Charter Township, MI

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
449440-2.0%

Summary: The Saginaw Charter Township real estate market had 440 homes for sale in November 2024, a 2.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 7993
+17.7%
3 236212
-10.2%
4 100103
+3.0%
5+ 3330
-9.1%

Summary: The Saginaw Charter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.7%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
113112-0.9%

Asking Price vs. Sold Price

67 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

32 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. 59.8% of homes here sold below asking price last month.

Summary: A total of 112 homes were sold or pending in Saginaw Charter Township in November 2024, down by 0.9% month-over-month. Of the 112 sold homes, 60% were sold under asking, 12% were sold at asking, and 29% 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

Nov 2023Nov 2024CHANGE
30 Days35 Days+17.6%

Summary: Homes in Saginaw Charter Township had an average of 35 days on market in Nov 2024, up by 17.6% compared to last year.

Breakdown of Home Sale Times

71 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

11 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 November 2024, 112 homes were sold in Saginaw Charter Township; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 10% 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

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