$10,000 Closing Credit*
$1,265,000
2,541 SqFt
4 Beds
•2 Full Baths, 1 Partial
Laura Mitrick, Listing Office: Compass Michigan LLC
Is Saugatuck, 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, Saugatuck has remained a Seller's Market.
Key Takeaway
Saugatuck is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saugatuck, MI
How much do homes in Saugatuck, MI cost?
Median Sold Price
$654,500
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,000(+1.7%)
Key Takeaway
Homes in Saugatuck have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Saugatuck was $654,500 in November 2024, up 1.7% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $215K | +3.6% |
| 2 Bedrooms | $585K | $575K | -1.7% |
| 3 Bedrooms | $570K | $620K | +8.8% |
| 4 Bedrooms | $890K | $950K | +6.7% |
| 5+ Bedrooms | $1.0M | $750K | -25.7% |
Summary: Saugatuck housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 25.7%.
Median Sold Price Compared To Nearby Cities
| Douglas | $471.2K | $665K | +41.1% |
| Saugatuck Township | $610K | $625K | +2.5% |
| Saugatuck | $643.5K | $654.5K | +1.7% |
Housing Supply in Saugatuck, MI
How many homes are available in Saugatuck, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Summary: The Saugatuck real estate market had 31 homes for sale in November 2024, a 6.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Saugatuck 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 25%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saugatuck, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Saugatuck in November 2024, up by 83.3% month-over-month. Of the 11 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% were sold over asking.
Days on Market for Saugatuck, MI
How long does it take to sell a home in Saugatuck, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 68 Days | +82.8% |
Summary: Homes in Saugatuck had an average of 68 days on market in Nov 2024, up by 82.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saugatuck are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Saugatuck; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
