Is Roosevelt Park, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Roosevelt Park has remained a Seller's Market.
Housing Prices in Roosevelt Park, MI
How much do homes in Roosevelt Park, MI cost?
Median Sold Price
$219,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Roosevelt Park was $219,000 in March 2024, up 4.3% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $185K | $193.5K | +4.6% |
3 Bedrooms | $199.4K | $219.2K | +9.9% |
4 Bedrooms | $240K | $239.9K | 0% |
5+ Bedrooms | - | - | N/A |
Summary: Roosevelt Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 9.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Muskegon | $155K | $180K | +16.1% |
Norton Shores | $239.2K | $256.8K | +7.3% |
Roosevelt Park | $210K | $219K | +4.3% |
Housing Supply in Roosevelt Park, MI
How many homes are available in Roosevelt Park, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Summary: The Roosevelt Park real estate market had 11 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Roosevelt Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Roosevelt Park in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Roosevelt Park, MI
How long does it take to sell a home in Roosevelt Park, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 56 Days | +170.5% |
Summary: Homes in Roosevelt Park had an average of 56 days on market in Mar 2024, up by 170.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Roosevelt Park; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.