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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sauble Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sauble Township was a Seller's Market.

Key Takeaway

Sauble Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sauble Township, MI

How much do homes in Sauble Township, MI cost?

Median Sold Price

$195,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$30,000(-13.3%)

Key Takeaway

Homes in Sauble Township have sold for 13.3% less than they did a year ago.

Summary: The median home sold price in Sauble Township was $195,000 in November 2024, down 13.3% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $251K$130K
-48.2%
2 $95K$164.8K
+73.6%
3 $349.9K$195K
-44.3%
4 $282.4K$589.9K
+108.9%
5+ -$173K
N/A

Summary: Sauble Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.2%, 2 bedroom homes increased by 73.6%, 3 bedroom homes decreased by 44.3%, 4 bedroom homes increased by 108.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Irons
+31.8%
Elk Township
+9.5%
Sheridan Township
-1.8%
Sauble Township
-13.3%

Housing Supply in Sauble Township, MI

How many homes are available in Sauble Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
880.0%

Summary: The Sauble Township real estate market had 8 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 32
-33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Sauble Township 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 increased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sauble Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Sauble Township in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Sauble Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
57 Days42 Days-26.3%

Summary: Homes in Sauble Township had an average of 42 days on market in Nov 2024, down by 26.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sauble Township has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Sauble Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Sauble Township, MI

Nearby Markets to Sauble Township, MI

What housing markets are near Sauble Township, MI?