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.
Key Takeaway
Sauble Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Sauble Township have sold for 23.1% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Sauble Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
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
Key Takeaway
Many homes in Sauble Township are selling fast, if you're buying plan to act quickly.
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.
