Is Saginaw County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Saginaw County has remained a Seller's Market.
Housing Prices in Saginaw County, MI
How much do homes in Saginaw County, MI cost?
Median Sold Price
$159,223
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Saginaw County was $159,223 in April 2024, up 11% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $51K | $69.9K | +37.1% |
2 Bedrooms | $88K | $83K | -5.7% |
3 Bedrooms | $144.6K | $161.1K | +11.4% |
4 Bedrooms | $217K | $226K | +4.2% |
5+ Bedrooms | $270K | $287.4K | +6.4% |
Summary: Saginaw County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.1%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Counties
Saginaw County | $143.4K | $159.2K | +11.0% |
Genesee County | $189.5K | $196.9K | +3.9% |
Bay County | $135.2K | $140K | +3.5% |
Shiawassee County | $175K | $177.1K | +1.2% |
Tuscola County | $165K | $165.1K | 0.1% |
Housing Supply in Saginaw County, MI
How many homes are available in Saginaw County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
497 | 508 | +2.2% |
Summary: The Saginaw County real estate market had 508 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 5 | -37.5% |
2 Bedrooms | 88 | 89 | +1.1% |
3 Bedrooms | 276 | 285 | +3.3% |
4 Bedrooms | 100 | 103 | +3.0% |
5+ Bedrooms | 25 | 26 | +4.0% |
Summary: The Saginaw County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
127 | 163 | +28.3% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 163 homes were sold or pending in Saginaw County in April 2024, up by 28.3% month-over-month. Of the 163 sold homes, 48% were sold under asking, 22% were sold at asking, and 30% were sold over asking.
Days on Market for Saginaw County, MI
How long does it take to sell a home in Saginaw County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 34 Days | -50.2% |
Summary: Homes in Saginaw County had an average of 34 days on market in Apr 2024, down by 50.2% compared to last year.
Breakdown of Home Sale Times
103 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 163 homes were sold in Saginaw County; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.