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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Douglas is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Douglas has remained a Seller's Market.

Key Takeaway

Douglas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Douglas, MI

How much do homes in Douglas, MI cost?

Median Sold Price

$620,000

$393/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$180,100(+40.9%)

Key Takeaway

Homes in Douglas have sold for 40.9% more than they did a year ago.

Summary: The median home sold price in Douglas was $620,000 in April 2024, up 40.9% from last year, and the median price per square foot was $393.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $218K$299.9K
+37.6%
2 $365.5K$418.9K
+14.6%
3 $515K$633.5K
+23.0%
4 $691.2K$786K
+13.7%
5+ $1.4M$616.2K
-58.5%

Summary: Douglas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.6%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 58.5%.

Median Sold Price Compared To Nearby Cities

Douglas
+40.9%
Saugatuck Township
+6.2%
Saugatuck
+2.4%

Housing Supply in Douglas, MI

How many homes are available in Douglas, MI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
11110.0%

Summary: The Douglas real estate market had 11 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 42
-50.0%
3 33
0.0%
4 11
0.0%
5+ 24
+100.0%

Summary: The Douglas 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 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Douglas, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Douglas in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Douglas, MI

How long does it take to sell a home in Douglas, MI?

Average Sale Time

Apr 2023Apr 2024CHANGE
5 Days20 Days+310.0%

Summary: Homes in Douglas had an average of 20 days on market in Apr 2024, up by 310% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in Douglas are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Douglas; 50% of homes were sold within 30 days, 50% 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 28 Days Ago

Newest Listings in Douglas, MI

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