Is Rollin 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, Rollin Township has remained a Seller's Market.
Housing Prices in Rollin Township, MI
How much do homes in Rollin Township, MI cost?
Median Sold Price
$260,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rollin Township was $260,000 in May 2024, down 7.1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $210K | $185K | -11.9% |
3 Bedrooms | $280K | $231K | -17.5% |
4 Bedrooms | $450K | $310K | -31.1% |
5+ Bedrooms | $325K | $633K | +94.8% |
Summary: Rollin 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 11.9%, 3 bedroom homes decreased by 17.5%, 4 bedroom homes decreased by 31.1%, and 5+ bedroom homes increased by 94.8%.
Median Sold Price Compared To Nearby Cities
Woodstock Township | $240K | $256.2K | +6.8% |
Rollin Township | $280K | $260K | -7.1% |
Addison | $235K | $213.5K | -9.1% |
Hudson Township | $165K | $149.9K | -9.2% |
Manitou Beach | $360.2K | $318K | -11.7% |
Housing Supply in Rollin Township, MI
How many homes are available in Rollin Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 20 | -13.0% |
Summary: The Rollin Township real estate market had 20 homes for sale in May 2024, a 13.0% decrease 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 | 2 | 2 | 0.0% |
3 Bedrooms | 11 | 9 | -18.2% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Rollin 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 remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Rollin Township in May 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rollin Township, MI
How long does it take to sell a home in Rollin Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
117 Days | 18 Days | -84.6% |
Summary: Homes in Rollin Township had an average of 18 days on market in May 2024, down by 84.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Rollin Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.