Is Sauble Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sauble Township has remained a Seller's Market.
Housing Prices in Sauble Township, MI
How much do homes in Sauble Township, MI cost?
Median Sold Price
$173,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sauble Township was $173,000 in May 2024, down 23.1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $251K | - | N/A |
2 Bedrooms | $170K | $110K | -35.3% |
3 Bedrooms | $331.5K | $208.5K | -37.1% |
4 Bedrooms | $365K | $460K | +26.0% |
5+ Bedrooms | $219.5K | $173K | -21.2% |
Summary: Sauble Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.3%, 3 bedroom homes decreased by 37.1%, 4 bedroom homes increased by 26%, and 5+ bedroom homes decreased by 21.2%.
Median Sold Price Compared To Nearby Cities
Elk Township | $172K | $215K | +25.0% |
Sheridan Township | $195K | $210K | +7.7% |
Irons | $166.2K | $174K | +4.7% |
Sauble Township | $225K | $173K | -23.1% |
Housing Supply in Sauble Township, MI
How many homes are available in Sauble Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Summary: The Sauble Township real estate market had 8 homes for sale in May 2024, a 166.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 1 | 5 | +400.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sauble Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 400%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Sauble Township in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Sauble Township, MI
How long does it take to sell a home in Sauble Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 47 Days | +581.0% |
Summary: Homes in Sauble Township had an average of 47 days on market in May 2024, up by 581% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Sauble Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.