Is Saline, 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, Saline has remained a Seller's Market.
Key Takeaway
Saline is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saline, MI
How much do homes in Saline, MI cost?
Median Sold Price
$414,050
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Saline have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in Saline was $414,050 in April 2024, down 5.9% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $170K | N/A |
| 2 Bedrooms | $274K | $275K | 0.3% |
| 3 Bedrooms | $368K | $386.7K | +5.1% |
| 4 Bedrooms | $539.1K | $550K | +2.0% |
| 5+ Bedrooms | $600.4K | $654.9K | +9.1% |
Summary: Saline housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Lodi Township | $520K | $560K | +7.7% |
| York Charter Township | $514.3K | $552.5K | +7.4% |
| Pittsfield Charter Township | $430K | $444.8K | +3.4% |
| Saline Township | $434K | $414K | -4.6% |
| Saline | $440K | $414K | -5.9% |
Housing Supply in Saline, MI
How many homes are available in Saline, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 118 | 127 | +7.6% |
Summary: The Saline real estate market had 127 homes for sale in April 2024, a 7.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 48 | 59 | +22.9% |
| 4 Bedrooms | 37 | 38 | +2.7% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Saline housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saline, you could pay more than the asking price. 41.9% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Saline in April 2024, up by 14.8% month-over-month. Of the 31 sold homes, 39% were sold under asking, 19% were sold at asking, and 42% were sold over asking.
Days on Market for Saline, MI
How long does it take to sell a home in Saline, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 41 Days | -20.9% |
Summary: Homes in Saline had an average of 41 days on market in Apr 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saline are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in Saline; 48% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.