Is Roscommon Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roscommon Township is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Roscommon Township has remained a Seller's Market.

Key Takeaway

Roscommon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Roscommon Township, MI cost?

Median Sold Price

$145,000

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$17,700(+13.9%)

Key Takeaway

Homes in Roscommon Township have sold for 13.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $91.5K$78.9K
-13.7%
2 $115K$112K
-2.6%
3 $130K$170K
+30.8%
4 $339K$165K
-51.3%
5+ $550K$179.4K
-67.4%

Median Sold Price Compared To Nearby Cities

Roscommon Township
+13.9%
Denton Township
+6.5%
Houghton Lake
-5.5%

How many homes are available in Roscommon Township, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
5152+2.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 11
0.0%
2 2118
-14.3%
3 2026
+30.0%
4 55
0.0%
5+ 42
-50.0%

Number of Homes Sold

Jul 2022Aug 2022%
1013+30.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roscommon Township, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
15 Days27 Days+75.8%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Roscommon Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Roscommon Township, MI

Number of homes for sale in Roscommon Township, MI real estate market have reached 52. The inventory of homes for sale in Roscommon Township, MI between July 2022 and August 2022 increased by 2%. The median list price of listings available in August 2022 was $145,000, while the average time on the real estate market was 27 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 13.7% more cheaper, 2 bedrooms properties became 2.6% more cheaper, prices of 3 bedrooms properties increased by 30.8%, the cost of 4 bedrooms properties went down by 51.3%, 5 bedrooms properties became 67.4% more cheaper. This housing market inventory have changed: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 14.3%, the quantity of 3 bedrooms homes went up by 30%, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes went down by 50%. In August 2022, from all listings sold in Roscommon Township, MI there were more than 3 sold above asking price, over 9 sold below and more than 1 were sold right at the asked price.

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