Is Rodney, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Rodney was a Seller's Market.
Housing Prices in Rodney, MI
How much do homes in Rodney, MI cost?
Median Sold Price
$193,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rodney was $193,000 in April 2024, up 4.3% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $145K | -47.3% |
2 Bedrooms | $144K | $152K | +5.6% |
3 Bedrooms | $197.5K | $200.5K | +1.5% |
4 Bedrooms | $389.9K | $250K | -35.9% |
5+ Bedrooms | - | $439.9K | N/A |
Summary: Rodney housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 35.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Colfax Township | $215K | $270K | +25.6% |
Chippewa Lake | $127.4K | $150K | +17.7% |
Grant Township | $213K | $226K | +6.1% |
Rodney | $185K | $193K | +4.3% |
Martiny Township | $221.2K | $190K | -14.1% |
Housing Supply in Rodney, MI
How many homes are available in Rodney, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Summary: The Rodney real estate market had 8 homes for sale in April 2024, a 60.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 2 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rodney housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Rodney in April 2024, the same as the previous 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 Rodney, MI
How long does it take to sell a home in Rodney, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Rodney; 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.