$1,008 Closing Credit*
$84,900
1,680 SqFt
3 Beds
•2 Full Baths
Francine Willingham, Listing Office: Willingham Real Estate
Is Saranac, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Saranac has remained a Seller's Market.
Key Takeaway
Saranac is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saranac, MI
How much do homes in Saranac, MI cost?
Median Sold Price
$281,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-1.7%)
Key Takeaway
Homes in Saranac have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Saranac was $281,000 in November 2024, down 1.7% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349.9K | - | N/A |
| 2 Bedrooms | $185.9K | $184K | -1.0% |
| 3 Bedrooms | $264K | $292.5K | +10.8% |
| 4 Bedrooms | $402.4K | $286K | -28.9% |
| 5+ Bedrooms | $307.5K | $509K | +65.5% |
Summary: Saranac housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes increased by 65.5%.
Median Sold Price Compared To Nearby Cities
| Boston Township | $312.5K | $325.5K | +4.2% |
| Saranac | $286K | $281K | -1.7% |
Housing Supply in Saranac, MI
How many homes are available in Saranac, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Saranac real estate market had 14 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Saranac housing inventory by bedroom type for November 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 11.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Saranac, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Saranac in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Saranac, MI
How long does it take to sell a home in Saranac, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 51 Days | +200.0% |
Summary: Homes in Saranac had an average of 51 days on market in Nov 2024, up by 200% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Saranac has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Saranac; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
