Is Rosedale Park, 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, Rosedale Park has remained a Seller's Market.
Key Takeaway
Rosedale Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rosedale Park, MI
How much do homes in Rosedale Park, MI cost?
Median Sold Price
$206,250
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rosedale Park have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Rosedale Park was $206,250 in March 2024, up 11.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $134K | - | N/A |
| 3 Bedrooms | $183K | $201.5K | +10.1% |
| 4 Bedrooms | $202.5K | $214.5K | +5.9% |
| 5+ Bedrooms | $198.4K | - | N/A |
Summary: Rosedale Park 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 did not change, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Rosedale Park | $185K | $206.2K | +11.5% |
| North Rosedale Park | $183K | $190K | +3.8% |
| Rosedale | $167K | $165K | -1.2% |
| Upper West | $87.4K | $85K | -2.8% |
| Grandmont | $89K | $84.7K | -4.8% |
Housing Supply in Rosedale Park, MI
How many homes are available in Rosedale Park, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The Rosedale Park real estate market had 15 homes for sale in March 2024, a 15.4% 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 | 0 | -100.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rosedale Park 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 decreased by 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
3 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 Rosedale Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rosedale Park in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rosedale Park, MI
How long does it take to sell a home in Rosedale Park, MI?
Breakdown of Home Sale Times
2 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 Rosedale Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Rosedale Park; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
