Is Roosevelt Park, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Roosevelt Park has remained a Seller's Market.
Key Takeaway
Roosevelt Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Roosevelt Park, MI
How much do homes in Roosevelt Park, MI cost?
Median Sold Price
$180,000
$213/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Roosevelt Park have sold for 13.2% more than they did a month ago.
Summary: The median home sold price in Roosevelt Park was $180,000 in March 2024, up 13.2% from last month, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | - | N/A |
| 3 Bedrooms | - | $180K | N/A |
| 4 Bedrooms | $128K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Roosevelt Park housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Roosevelt Park | $159K | $180K | +13.2% |
| Black Hills | $230K | $181K | -21.3% |
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 |
|---|---|---|
| 3 | 1 | -66.7% |
Summary: The Roosevelt Park real estate market had 1 homes for sale in March 2024, a 66.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
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 Roosevelt Park, 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 Roosevelt Park in March 2024, down by 50.0% 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 Roosevelt Park, MI
How long does it take to sell a home in Roosevelt Park, MI?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 Days | 7 Days | +100.0% |
Summary: Homes in Roosevelt Park had an average of 7 days on market in Mar 2024, up by 100% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Roosevelt Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Roosevelt Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
