Is Roscommon County, 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, Roscommon County has remained a Seller's Market.
Key Takeaway
Roscommon County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Roscommon County, MI
How much do homes in Roscommon County, MI cost?
Median Sold Price
$174,850
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Roscommon County have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Roscommon County was $174,850 in April 2024, up 2.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86K | $85K | -1.2% |
| 2 Bedrooms | $134.2K | $138K | +2.8% |
| 3 Bedrooms | $186.3K | $205K | +10.0% |
| 4 Bedrooms | $277.5K | $272.4K | -1.8% |
| 5+ Bedrooms | $227.5K | $543.5K | +138.9% |
Summary: Roscommon County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 138.9%.
Median Sold Price Compared To Nearby Counties
| Crawford County | $170K | $199.1K | +17.1% |
| Ogemaw County | $142K | $148.5K | +4.6% |
| Roscommon County | $169.9K | $174.8K | +2.9% |
| Gladwin County | $179.5K | $170K | -5.3% |
| Oscoda County | $120K | $112.5K | -6.3% |
Housing Supply in Roscommon County, MI
How many homes are available in Roscommon County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 192 | 260 | +35.4% |
Summary: The Roscommon County real estate market had 260 homes for sale in April 2024, a 35.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 9 | +80.0% |
| 2 Bedrooms | 67 | 93 | +38.8% |
| 3 Bedrooms | 95 | 120 | +26.3% |
| 4 Bedrooms | 19 | 29 | +52.6% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Roscommon County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 38.8%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 52.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 46 | +7.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Roscommon County, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Roscommon County in April 2024, up by 7.0% month-over-month. Of the 46 sold homes, 65% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Roscommon County, MI
How long does it take to sell a home in Roscommon County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 172 Days | 69 Days | -59.8% |
Summary: Homes in Roscommon County had an average of 69 days on market in Apr 2024, down by 59.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Roscommon County has remained consistent over time.
Summary: During April 2024, 46 homes were sold in Roscommon County; 4% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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