Is Roscommon Township, 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, Roscommon Township was a Seller's Market.
Housing Prices in Roscommon Township, MI
How much do homes in Roscommon Township, MI cost?
Median Sold Price
$180,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Roscommon Township was $180,000 in April 2024, up 6.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $81K | $65.5K | -19.1% |
2 Bedrooms | $132.5K | $156K | +17.7% |
3 Bedrooms | $180.9K | $199.9K | +10.5% |
4 Bedrooms | $247K | $265K | +7.3% |
5+ Bedrooms | $179.9K | $430K | +139.0% |
Summary: Roscommon Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.1%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 139%.
Median Sold Price Compared To Nearby Cities
Denton Township | $169.9K | $225K | +32.4% |
Prudenville | $169.4K | $223.5K | +31.9% |
Roscommon Township | $168.6K | $180K | +6.8% |
Houghton Lake | $184K | $180K | -2.2% |
Housing Supply in Roscommon Township, MI
How many homes are available in Roscommon Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
80 | 115 | +43.8% |
Summary: The Roscommon Township real estate market had 115 homes for sale in April 2024, a 43.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 23 | 42 | +82.6% |
3 Bedrooms | 43 | 54 | +25.6% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Roscommon Township 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 82.6%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 19 | -20.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Roscommon Township in April 2024, down by 20.8% month-over-month. Of the 19 sold homes, 68% were sold under asking, 11% were sold at asking, and 21% were sold over asking.
Days on Market for Roscommon Township, MI
How long does it take to sell a home in Roscommon Township, MI?
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
Summary: During April 2024, 19 homes were sold in Roscommon Township; 5% 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.