Is Rose Township, 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, Rose Township has remained a Seller's Market.
Key Takeaway
Rose Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rose Township, MI
How much do homes in Rose Township, MI cost?
Median Sold Price
$348,250
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Rose Township has remained the same since last year.
Summary: The median home sold price in Rose Township was $348,250 in March 2024, down 0.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203.7K | - | N/A |
| 2 Bedrooms | $265K | $187.5K | -29.2% |
| 3 Bedrooms | $345K | $325K | -5.8% |
| 4 Bedrooms | $409.5K | $399.9K | -2.3% |
| 5+ Bedrooms | $1.3M | $490K | -62.9% |
Summary: Rose Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.2%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 62.9%.
Median Sold Price Compared To Nearby Cities
| Fenton | $305.1K | $345K | +13.1% |
| Tyrone Township | $397K | $420.5K | +5.9% |
| Holly | $270K | $275K | +1.9% |
| Holly Township | $275K | $275K | 0.0% |
| Rose Township | $350K | $348.2K | -0.5% |
Housing Supply in Rose Township, MI
How many homes are available in Rose Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Summary: The Rose Township real estate market had 20 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Rose Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rose Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Rose Township in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Rose Township, MI
How long does it take to sell a home in Rose Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 80 Days | 14 Days | -82.4% |
Summary: Homes in Rose Township had an average of 14 days on market in Mar 2024, down by 82.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rose Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Rose Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
