$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 Township, 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 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
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+2.5%)
Key Takeaway
Homes in Saugatuck Township have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Saugatuck Township was $625,000 in November 2024, up 2.5% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $215K | +3.6% |
| 2 Bedrooms | $575K | $575K | 0.0% |
| 3 Bedrooms | $535K | $560K | +4.7% |
| 4 Bedrooms | $840K | $789K | -6.1% |
| 5+ Bedrooms | $874.5K | $845K | -3.4% |
Summary: Saugatuck Township 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 did not change, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 3.4%.
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% |
| Laketown Township | $467.5K | $430K | -8.0% |
Housing Supply in Saugatuck Township, MI
How many homes are available in Saugatuck Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 41 | -10.9% |
Summary: The Saugatuck Township real estate market had 41 homes for sale in November 2024, a 10.9% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Saugatuck 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 16.7%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
13 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 Township, you may be able to get a good deal. 92.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Saugatuck Township in November 2024, up by 40.0% month-over-month. Of the 14 sold homes, 93% were sold under asking, 7% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 71 Days | +88.8% |
Summary: Homes in Saugatuck Township had an average of 71 days on market in Nov 2024, up by 88.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 14 homes were sold in Saugatuck Township; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
