Saugatuck, MI—49453

As of Aug '25, the median home price in Saugatuck, MI is $602,000, with a year-over-year change of 7.7%. This indicates that home prices in Saugatuck, MI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Saugatuck, MI is 59. This is an increase of 1.0% from last year. This indicates that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 35.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Saugatuck, MI in that year was 88. 99.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 46.0%. Of those, 3.0% were >90% loan to value. This is considered normal, suggesting that mortgage risk is small in Saugatuck, MI. Investor activity in Saugatuck, MI is low, as 7.0% of all loans are originated by investors. In 2023, 18.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.