Is Roseville, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roseville is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Roseville has remained a Seller's Market.

Key Takeaway

Roseville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Roseville, MI

How much do homes in Roseville, MI cost?

Median Sold Price

$162,700

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$12,700(+8.5%)

Key Takeaway

Homes in Roseville have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Roseville was $162,700 in September 2024, up 8.5% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $69.5K$64.2K
-7.6%
2 $100K$125K
+25.0%
3 $160K$176.3K
+10.2%
4 $165K$210K
+27.3%
5+ $214.2K$199K
-7.1%

Summary: Roseville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Cities

Saint Clair Shores
+11.7%
Clinton Township
+10.4%
Clinton Charter Township
+9.4%
Roseville
+8.5%
Fraser
+2.3%

Housing Supply in Roseville, MI

How many homes are available in Roseville, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
207210+1.4%

Summary: The Roseville real estate market had 210 homes for sale in September 2024, a 1.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 88
0.0%
2 3842
+10.5%
3 146141
-3.4%
4 1419
+35.7%
5+ 10
-100.0%

Summary: The Roseville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
6751-23.9%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roseville, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Roseville in September 2024, down by 23.9% month-over-month. Of the 51 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.

Days on Market for Roseville, MI

How long does it take to sell a home in Roseville, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
20 Days21 Days+6.9%

Summary: Homes in Roseville had an average of 21 days on market in Sep 2024, up by 6.9% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Roseville are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 51 homes were sold in Roseville; 76% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

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