Is Sawyer, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sawyer is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Sawyer has remained a Seller's Market.

Key Takeaway

Sawyer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sawyer, MI

How much do homes in Sawyer, MI cost?

Median Sold Price

$472,500

$305/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$6,500(-1.4%)

Key Takeaway

Homes in Sawyer have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Sawyer was $472,500 in October 2024, down 1.4% from last year, and the median price per square foot was $305.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$194.5K
N/A
2 $610K$250K
-59.0%
3 $435K$465.5K
+7.0%
4 $364.5K$694.2K
+90.5%
5+ $1.4M$1.1M
-22.7%

Summary: Sawyer 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 decreased by 59%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 90.5%, and 5+ bedroom homes decreased by 22.7%.

Median Sold Price Compared To Nearby Cities

Chikaming Township
+6.2%
Bridgman
0.3%
Sawyer
-1.4%
Harbert
-15.6%

Housing Supply in Sawyer, MI

How many homes are available in Sawyer, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1720+17.6%

Summary: The Sawyer real estate market had 20 homes for sale in October 2024, a 17.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 610
+66.7%
4 23
+50.0%
5+ 32
-33.3%

Summary: The Sawyer 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 16.7%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 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 Sawyer, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Sawyer in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Sawyer, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days102 Days+99.5%

Summary: Homes in Sawyer had an average of 102 days on market in Oct 2024, up by 99.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Sawyer are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in Sawyer; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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 12 Days Ago

Newest Listings in Sawyer, MI

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