Is Rosedale, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rosedale has remained a Seller's Market.
Housing Prices in Rosedale, MI
How much do homes in Rosedale, MI cost?
Median Sold Price
$165,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rosedale was $165,000 in April 2024, down 2.9% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $119.5K | $73K | -38.9% |
3 Bedrooms | $161K | $163K | +1.2% |
4 Bedrooms | $205K | $220K | +7.3% |
5+ Bedrooms | $273K | $223.5K | -18.1% |
Summary: Rosedale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 18.1%.
Median Sold Price Compared To Nearby Neighborhoods
Rosedale Park | $185K | $207K | +11.9% |
Minock Park | $89.4K | $96K | +7.3% |
North Rosedale Park | $190K | $189K | -0.5% |
Rosedale | $170K | $165K | -2.9% |
Upper West | $87.7K | $85K | -3.1% |
Housing Supply in Rosedale, MI
How many homes are available in Rosedale, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 67 | +4.7% |
Summary: The Rosedale real estate market had 67 homes for sale in April 2024, a 4.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 47 | 47 | 0.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Rosedale 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 20 | +33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Rosedale in April 2024, up by 33.3% month-over-month. Of the 20 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Rosedale, MI
How long does it take to sell a home in Rosedale, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
228 Days | 23 Days | -89.5% |
Summary: Homes in Rosedale had an average of 23 days on market in Apr 2024, down by 89.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Rosedale; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.