Is Rothbury, 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, Rothbury has remained a Seller's Market.
Key Takeaway
Rothbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rothbury, MI
How much do homes in Rothbury, MI cost?
Median Sold Price
$177,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rothbury have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in Rothbury was $177,000 in April 2024, down 11.5% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $174.5K | +20.3% |
| 3 Bedrooms | $200K | $175K | -12.5% |
| 4 Bedrooms | $207.5K | $146.5K | -29.4% |
| 5+ Bedrooms | $300K | $518.7K | +72.9% |
Summary: Rothbury 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 increased by 20.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes increased by 72.9%.
Median Sold Price Compared To Nearby Cities
| Grant Township | $187K | $219.9K | +17.6% |
| Rothbury | $200K | $177K | -11.5% |
Housing Supply in Rothbury, MI
How many homes are available in Rothbury, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Rothbury real estate market had 5 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Rothbury 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rothbury, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Rothbury in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rothbury, MI
How long does it take to sell a home in Rothbury, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 48 Days | +860.0% |
Summary: Homes in Rothbury had an average of 48 days on market in Apr 2024, up by 860% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rothbury has remained consistent over time.
Summary: During April 2024, 1 homes were sold in Rothbury; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
