Is Rosa Parks, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Rosa Parks was a Seller's Market.
Housing Prices in Rosa Parks, MI
How much do homes in Rosa Parks, MI cost?
Median Sold Price
$127,500
$59/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rosa Parks was $127,500 in April 2024, down 7.3% from last year, and the median price per square foot was $59.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.8K | - | N/A |
2 Bedrooms | $240K | $354.9K | +47.9% |
3 Bedrooms | $70K | $75K | +7.1% |
4 Bedrooms | $153K | $119K | -22.2% |
5+ Bedrooms | $300K | $170K | -43.3% |
Summary: Rosa Parks 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 increased by 47.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 43.3%.
Median Sold Price Compared To Nearby Neighborhoods
Rosa Parks | $137.5K | $127.5K | -7.3% |
Midtown | $155K | $131.7K | -15.0% |
Housing Supply in Rosa Parks, MI
How many homes are available in Rosa Parks, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 68 | +7.9% |
Summary: The Rosa Parks real estate market had 68 homes for sale in April 2024, a 7.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 27 | 33 | +22.2% |
4 Bedrooms | 16 | 15 | -6.3% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Rosa Parks 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 10%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 2 | -81.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Rosa Parks in April 2024, down by 81.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Rosa Parks, MI
How long does it take to sell a home in Rosa Parks, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 11 Days | +187.5% |
Summary: Homes in Rosa Parks had an average of 11 days on market in Apr 2024, up by 187.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Rosa Parks; 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.