$50,000
0.39 Acres
Land
David Stout, Listing Office: RE/MAX River Valley
Is Rodney, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Rodney has remained a Seller's Market.
Key Takeaway
Rodney is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rodney, MI
How much do homes in Rodney, MI cost?
Median Sold Price
$379,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$229,800(+154.0%)
Key Takeaway
Homes in Rodney have sold for 154% more than they did a year ago.
Summary: The median home sold price in Rodney was $379,000 in September 2024, up 154% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $145K | N/A |
| 2 Bedrooms | $80K | $200K | +150.0% |
| 3 Bedrooms | $158.6K | $357.5K | +125.4% |
| 4 Bedrooms | $389.9K | $855K | +119.3% |
| 5+ Bedrooms | - | $444.4K | N/A |
Summary: Rodney housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 125.4%, 4 bedroom homes increased by 119.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rodney | $149.2K | $379K | +154.0% |
| Grant Township | $213K | $254.5K | +19.5% |
| Martiny Township | $190K | $182.5K | -3.9% |
Housing Supply in Rodney, MI
How many homes are available in Rodney, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Rodney real estate market had 5 homes for sale in September 2024, a 16.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rodney housing inventory by bedroom type for September 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rodney, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Rodney in September 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rodney, MI
How long does it take to sell a home in Rodney, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 61 Days | 31 Days | -49.2% |
Summary: Homes in Rodney had an average of 31 days on market in Sep 2024, down by 49.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rodney has remained consistent over time.
Summary: During September 2024, 1 homes were sold in Rodney; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
