Is North Rosedale Park, 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, North Rosedale Park has remained a Seller's Market.
Key Takeaway
North Rosedale Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Rosedale Park, MI
How much do homes in North Rosedale Park, MI cost?
Median Sold Price
$189,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Rosedale Park have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in North Rosedale Park was $189,000 in April 2024, down 0.5% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $90K | -58.1% |
| 3 Bedrooms | $183K | $165.5K | -9.6% |
| 4 Bedrooms | $249.9K | $250K | 0.0% |
| 5+ Bedrooms | $306.5K | $223.5K | -27.1% |
Summary: North Rosedale Park 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 decreased by 58.1%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 27.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Evergreen | $73K | $77.9K | +6.8% |
| North Rosedale Park | $190K | $189K | -0.5% |
| Rosedale | $170K | $165K | -2.9% |
| Upper West | $87.7K | $85K | -3.1% |
| Grandmont | $88K | $82.8K | -5.9% |
Housing Supply in North Rosedale Park, MI
How many homes are available in North Rosedale Park, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The North Rosedale Park real estate market had 23 homes for sale in April 2024, a 4.5% 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 | 2 | 0.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The North Rosedale Park 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 remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
4 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 North Rosedale Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in North Rosedale Park in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for North Rosedale Park, MI
How long does it take to sell a home in North Rosedale Park, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 228 Days | 25 Days | -88.9% |
Summary: Homes in North Rosedale Park had an average of 25 days on market in Apr 2024, down by 88.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Rosedale Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in North Rosedale Park; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
