Is Rosa Parks, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rosa Parks has remained a Buyer's Market.
Key Takeaway
Rosa Parks is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rosa Parks, MI
How much do homes in Rosa Parks, MI cost?
Median Sold Price
$154,500
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rosa Parks have sold for 48.6% more than they did a year ago.
Summary: The median home sold price in Rosa Parks was $154,500 in May 2024, up 48.6% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $272.5K | $373.2K | +37.0% |
| 3 Bedrooms | $62.5K | $110K | +76.0% |
| 4 Bedrooms | $142K | $120K | -15.5% |
| 5+ Bedrooms | $300K | $225K | -25.0% |
Summary: Rosa Parks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 76%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes decreased by 25%.
Median Sold Price Compared To Nearby Neighborhoods
| Rosa Parks | $104K | $154.5K | +48.6% |
| Midtown | $145K | $142K | -2.1% |
Housing Supply in Rosa Parks, MI
How many homes are available in Rosa Parks, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 80 | +25.0% |
Summary: The Rosa Parks real estate market had 80 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 30 | 35 | +16.7% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Rosa Parks housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rosa Parks, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Rosa Parks in May 2024, up by 150.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Rosa Parks, MI
How long does it take to sell a home in Rosa Parks, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 101 Days | 153 Days | +51.6% |
Summary: Homes in Rosa Parks had an average of 153 days on market in May 2024, up by 51.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rosa Parks are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Rosa Parks; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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.