Is Roscommon County, 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, Roscommon County has remained a Seller's Market.
Housing Prices in Roscommon County, MI
How much do homes in Roscommon County, MI cost?
Median Sold Price
$174,140
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Roscommon County was $174,140 in March 2024, up 2.4% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $86K | $88.7K | +3.2% |
2 Bedrooms | $135K | $138.3K | +2.5% |
3 Bedrooms | $187K | $200K | +7.0% |
4 Bedrooms | $258.7K | $283.4K | +9.6% |
5+ Bedrooms | $242.5K | $430K | +77.3% |
Summary: Roscommon County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 77.3%.
Median Sold Price Compared To Nearby Counties
Crawford County | $170K | $199K | +17.1% |
Ogemaw County | $137K | $149.9K | +9.4% |
Roscommon County | $170K | $174.1K | +2.4% |
Gladwin County | $176.1K | $165K | -6.3% |
Oscoda County | $120K | $110K | -8.3% |
Housing Supply in Roscommon County, MI
How many homes are available in Roscommon County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
173 | 215 | +24.3% |
Summary: The Roscommon County real estate market had 215 homes for sale in March 2024, a 24.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 55 | 78 | +41.8% |
3 Bedrooms | 89 | 103 | +15.7% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Roscommon County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 41.8%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 41 | +28.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Roscommon County in March 2024, up by 28.1% month-over-month. Of the 41 sold homes, 63% were sold under asking, 20% were sold at asking, and 17% were sold over asking.
Days on Market for Roscommon County, MI
How long does it take to sell a home in Roscommon County, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in Roscommon County; 5% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.