Is Cody / Rouge, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cody / Rouge has remained a Seller's Market.
Key Takeaway
Cody / Rouge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cody / Rouge, MI
How much do homes in Cody / Rouge, MI cost?
Median Sold Price
$118,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cody / Rouge have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Cody / Rouge was $118,000 in April 2024, up 9.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $9.5K | - | N/A |
| 2 Bedrooms | $45K | $45K | 0.0% |
| 3 Bedrooms | $110K | $120K | +9.1% |
| 4 Bedrooms | $107.5K | $145.3K | +35.2% |
| 5+ Bedrooms | $134K | - | N/A |
Summary: Cody / Rouge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 35.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Warrendale | $54K | $61.5K | +13.9% |
| Parkland | $100K | $113.7K | +13.8% |
| Weatherby / Franklin Park | $50K | $55K | +10.0% |
| Cody / Rouge | $108K | $118K | +9.3% |
| Franklin Park | $53K | $55K | +3.8% |
Housing Supply in Cody / Rouge, MI
How many homes are available in Cody / Rouge, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Summary: The Cody / Rouge real estate market had 24 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cody / Rouge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cody / Rouge, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Cody / Rouge in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Cody / Rouge, MI
How long does it take to sell a home in Cody / Rouge, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 45 Days | +2166.7% |
Summary: Homes in Cody / Rouge had an average of 45 days on market in Apr 2024, up by 2166.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cody / Rouge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Cody / Rouge; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
