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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sawyer is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sawyer was a Seller's Market.

Key Takeaway

Sawyer is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sawyer, MI

How much do homes in Sawyer, MI cost?

Median Sold Price

$490,000

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,000(+10.6%)

Key Takeaway

Homes in Sawyer have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Sawyer was $490,000 in November 2024, up 10.6% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $259K$130K
-49.8%
2 $554K$270K
-51.3%
3 $435K$465.5K
+7.0%
4 $479K$687.1K
+43.4%
5+ $1.4M$1.1M
-22.7%

Summary: Sawyer housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.8%, 2 bedroom homes decreased by 51.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 43.4%, and 5+ bedroom homes decreased by 22.7%.

Median Sold Price Compared To Nearby Cities

Sawyer
+10.6%
Chikaming Township
+8.9%
Bridgman
-11.5%

Housing Supply in Sawyer, MI

How many homes are available in Sawyer, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1916-15.8%

Summary: The Sawyer real estate market had 16 homes for sale in November 2024, a 15.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 108
-20.0%
4 21
-50.0%
5+ 23
+50.0%

Summary: The Sawyer 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 decreased by 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Sawyer in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
20 Days42 Days+101.9%

Summary: Homes in Sawyer had an average of 42 days on market in Nov 2024, up by 101.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sawyer has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Sawyer; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Sawyer, MI

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