$214,900
1.50 Acres
Land
Brennan Bohman, Listing Office: Jaqua REALTORS
Is Saugatuck Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Saugatuck Township has remained a Seller's Market.
Key Takeaway
Saugatuck Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saugatuck Township, MI
How much do homes in Saugatuck Township, MI cost?
Median Sold Price
$625,000
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,250(+6.0%)
Key Takeaway
Homes in Saugatuck Township have sold for 6% more than they did a year ago.
Summary: The median home sold price in Saugatuck Township was $625,000 in October 2024, up 6% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $210K | 0.0% |
| 2 Bedrooms | $499.9K | $582.5K | +16.5% |
| 3 Bedrooms | $535K | $537K | 0.4% |
| 4 Bedrooms | $774.9K | $834.5K | +7.7% |
| 5+ Bedrooms | $827K | $850K | +2.8% |
Summary: Saugatuck Township 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 16.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 2.8%.
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% |
| Laketown Township | $462.7K | $431.2K | -6.8% |
Housing Supply in Saugatuck Township, MI
How many homes are available in Saugatuck Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 50 | +2.0% |
Summary: The Saugatuck Township real estate market had 50 homes for sale in October 2024, a 2.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 18 | 14 | -22.2% |
Summary: The Saugatuck Township 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 12.5%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saugatuck Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Saugatuck Township in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Saugatuck Township, MI
How long does it take to sell a home in Saugatuck Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 54 Days | +66.5% |
Summary: Homes in Saugatuck Township had an average of 54 days on market in Oct 2024, up by 66.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saugatuck Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Saugatuck Township; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
