Is Sawyer, 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, Sawyer has remained a Seller's Market.
Key Takeaway
Sawyer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sawyer, MI
How much do homes in Sawyer, MI cost?
Median Sold Price
$462,750
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sawyer have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Sawyer was $462,750 in May 2024, up 8.9% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185.5K | $259K | +39.6% |
| 2 Bedrooms | $461.5K | $428K | -7.3% |
| 3 Bedrooms | $481.2K | $403K | -16.3% |
| 4 Bedrooms | $405K | $516.2K | +27.5% |
| 5+ Bedrooms | $907.2K | $1.4M | +61.1% |
Summary: Sawyer housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.6%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 61.1%.
Median Sold Price Compared To Nearby Cities
| Sawyer | $425K | $462.7K | +8.9% |
| Bridgman | $329K | $314.9K | -4.3% |
| Chikaming Township | $602.5K | $576.5K | -4.3% |
Housing Supply in Sawyer, MI
How many homes are available in Sawyer, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Sawyer real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Sawyer 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 decreased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sawyer, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Sawyer in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Sawyer, MI
How long does it take to sell a home in Sawyer, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 67 Days | +11.6% |
Summary: Homes in Sawyer had an average of 67 days on market in May 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sawyer has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Sawyer; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.