Is Rosedale, 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, Rosedale has remained a Seller's Market.
Key Takeaway
Rosedale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rosedale, MI
How much do homes in Rosedale, MI cost?
Median Sold Price
$172,500
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rosedale have sold for 3% more than they did a year ago.
Summary: The median home sold price in Rosedale was $172,500 in May 2024, up 3% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119K | $73K | -38.7% |
| 3 Bedrooms | $159.8K | $165K | +3.3% |
| 4 Bedrooms | $225K | $220K | -2.2% |
| 5+ Bedrooms | $273K | $252K | -7.7% |
Summary: Rosedale 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 decreased by 38.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Minock Park | $89K | $97K | +9.0% |
| North Rosedale Park | $187.5K | $194.2K | +3.6% |
| Rosedale | $167.5K | $172.5K | +3.0% |
| Upper West | $84.9K | $85K | 0.0% |
Housing Supply in Rosedale, MI
How many homes are available in Rosedale, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 71 | +1.4% |
Summary: The Rosedale real estate market had 71 homes for sale in May 2024, a 1.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 47 | 49 | +4.3% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Rosedale 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 decreased by 11.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 12 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rosedale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Rosedale in May 2024, down by 50.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% were sold over asking.
Days on Market for Rosedale, MI
How long does it take to sell a home in Rosedale, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 41 Days | +5.9% |
Summary: Homes in Rosedale had an average of 41 days on market in May 2024, up by 5.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rosedale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Rosedale; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
