Is Rosedale Park, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2022
At the same time last year, Rosedale Park was a Buyer's Market.
Key Takeaway
Rosedale Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices
How much do homes in Rosedale Park, MI cost?
Median Sold Price
$185,500
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2022
Key Takeaway
Homes in Rosedale Park have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Rosedale Park was $185,500 in October 2023, up 1.4% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2022 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $105.6K | -52.0% |
| 3 Bedrooms | $181.5K | $185.9K | +2.4% |
| 4 Bedrooms | $220K | $199K | -9.5% |
| 5+ Bedrooms | - | $174.9K | N/A |
Summary: Rosedale Park housing prices by bedroom type for October 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 52%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| North Rosedale Park | $192.5K | $203K | +5.5% |
| Rosedale Park | $183K | $185.5K | +1.4% |
| Rosedale | $170K | $165K | -2.9% |
| Upper West | $89.9K | $85K | -5.5% |
| Grandmont | $90K | $84.8K | -5.7% |
Housing Supply
How many homes are available in Rosedale Park, MI?
Number of Homes For Sale
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The Rosedale Park real estate market had 13 homes for sale in October 2023, a 30.0% increase compared to September 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 0 | 3 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rosedale Park housing inventory by bedroom type for October 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rosedale Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Rosedale Park in October 2023, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market
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
0 Homes Were 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 October 2023, 2 homes were sold in Rosedale Park; 100% 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.