Is Rose Lake Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Rose Lake Township was a Neutral Market.
Key Takeaway
Rose Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rose Lake Township, MI
How much do homes in Rose Lake Township, MI cost?
Median Sold Price
$77,500
$96/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Rose Lake Township have sold for 70.5% less than they did a month ago.
Summary: The median home sold price in Rose Lake Township was $77,500 in March 2024, down 70.5% from last month, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | $40K | -84.8% |
| 2 Bedrooms | - | $115K | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Rose Lake Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 84.8%, 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 Cities
| Cedar Township | $415K | $412K | -0.7% |
| Rose Lake Township | $262.5K | $77.5K | -70.5% |
Housing Supply in Rose Lake Township, MI
How many homes are available in Rose Lake Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Summary: The Rose Lake Township real estate market had 9 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 1 | 4 | +300.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rose Lake Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 300%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rose Lake Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Rose Lake Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rose Lake Township, MI
How long does it take to sell a home in Rose Lake Township, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Rose Lake Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 2 homes were sold in Rose Lake Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
