$10,000 Closing Credit*
$1,200,000
1,992 SqFt
4 Beds
•3 Full Baths
Wendy J Holstege, Listing Office: Keller Williams Lakeshore
Is Saugatuck, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Saugatuck was a Seller's Market.
Key Takeaway
Saugatuck is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saugatuck, MI
How much do homes in Saugatuck, MI cost?
Median Sold Price
$650,000
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,000(+3.5%)
Key Takeaway
Homes in Saugatuck have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Saugatuck was $650,000 in October 2024, up 3.5% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $210K | 0.0% |
| 2 Bedrooms | $477.4K | $582.5K | +22.0% |
| 3 Bedrooms | $585K | $600K | +2.6% |
| 4 Bedrooms | $795K | $957.5K | +20.4% |
| 5+ Bedrooms | $890K | $795K | -10.7% |
Summary: Saugatuck housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Douglas | $550K | $665K | +20.9% |
| Saugatuck Township | $589.7K | $625K | +6.0% |
| Saugatuck | $627.9K | $650K | +3.5% |
Housing Supply in Saugatuck, MI
How many homes are available in Saugatuck, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 36 | 0.0% |
Summary: The Saugatuck real estate market had 36 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 9 | 14 | +55.6% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Saugatuck 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 decreased by 28.6%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Saugatuck, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Saugatuck in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 73 Days | +246.8% |
Summary: Homes in Saugatuck had an average of 73 days on market in Oct 2024, up by 246.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 October 2024, 5 homes were sold in Saugatuck; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
