Is Roscommon, 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 was a Seller's Market.
Key Takeaway
Roscommon 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, MI
How much do homes in Roscommon, MI cost?
Median Sold Price
$187,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Roscommon have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Roscommon was $187,000 in May 2024, up 8.1% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164.5K | $35.5K | -78.4% |
| 2 Bedrooms | $142.5K | $165K | +15.8% |
| 3 Bedrooms | $183.5K | $215.7K | +17.6% |
| 4 Bedrooms | $223.5K | $310K | +38.7% |
| 5+ Bedrooms | $250K | $875K | +250.0% |
Summary: Roscommon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.4%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 38.7%, and 5+ bedroom homes increased by 250%.
Housing Supply in Roscommon, MI
How many homes are available in Roscommon, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 86 | 104 | +20.9% |
Summary: The Roscommon real estate market had 104 homes for sale in May 2024, a 20.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 31 | 43 | +38.7% |
| 3 Bedrooms | 41 | 43 | +4.9% |
| 4 Bedrooms | 9 | 14 | +55.6% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Roscommon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 38.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roscommon, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Roscommon in May 2024, down by 16.7% month-over-month. Of the 15 sold homes, 60% were sold under asking, 7% were sold at asking, and 33% were sold over asking.
Days on Market for Roscommon, MI
How long does it take to sell a home in Roscommon, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 56 Days | +1020.0% |
Summary: Homes in Roscommon had an average of 56 days on market in May 2024, up by 1020% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Roscommon has remained consistent over time.
Summary: During May 2024, 15 homes were sold in Roscommon; 0% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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