Is Roscommon Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Roscommon Township was a Seller's Market.
Key Takeaway
Roscommon Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Roscommon Township, MI
How much do homes in Roscommon Township, MI cost?
Median Sold Price
$182,250
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Roscommon Township have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Roscommon Township was $182,250 in May 2024, up 8.1% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $65.5K | -40.5% |
| 2 Bedrooms | $135.7K | $158K | +16.4% |
| 3 Bedrooms | $183.5K | $206K | +12.3% |
| 4 Bedrooms | $247K | $285K | +15.4% |
| 5+ Bedrooms | $220K | $652.5K | +196.6% |
Summary: Roscommon Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.5%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 196.6%.
Median Sold Price Compared To Nearby Cities
| Denton Township | $180K | $224.5K | +24.7% |
| Prudenville | $170K | $202.5K | +19.1% |
| Roscommon Township | $168.6K | $182.2K | +8.1% |
| Houghton Lake | $179.9K | $190K | +5.6% |
Housing Supply in Roscommon Township, MI
How many homes are available in Roscommon Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 110 | 150 | +36.4% |
Summary: The Roscommon Township real estate market had 150 homes for sale in May 2024, a 36.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 39 | 64 | +64.1% |
| 3 Bedrooms | 54 | 63 | +16.7% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Roscommon 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 64.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roscommon Township, you may be able to get a good deal. 64% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Roscommon Township in May 2024, up by 25.0% month-over-month. Of the 25 sold homes, 64% were sold under asking, 4% were sold at asking, and 32% were sold over asking.
Days on Market for Roscommon Township, MI
How long does it take to sell a home in Roscommon Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 38 Days | +11.0% |
Summary: Homes in Roscommon Township had an average of 38 days on market in May 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Roscommon Township has remained consistent over time.
Summary: During May 2024, 25 homes were sold in Roscommon Township; 8% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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