Is Rollin Township, 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, Rollin Township was a Buyer's Market.
Key Takeaway
Rollin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rollin Township, MI
How much do homes in Rollin Township, MI cost?
Median Sold Price
$260,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rollin Township have sold for 18.7% less than they did a year ago.
Summary: The median home sold price in Rollin Township was $260,000 in April 2024, down 18.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $210K | N/A |
| 2 Bedrooms | $224K | $212.5K | -5.1% |
| 3 Bedrooms | $300K | $260K | -13.3% |
| 4 Bedrooms | $450K | $375K | -16.7% |
| 5+ Bedrooms | $325K | $633K | +94.8% |
Summary: Rollin Township 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 decreased by 5.1%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 94.8%.
Median Sold Price Compared To Nearby Cities
| Woodstock Township | $232.8K | $283.3K | +21.7% |
| Manitou Beach | $365.7K | $332K | -9.2% |
| Hudson Township | $174K | $149.9K | -13.9% |
| Addison | $235K | $202K | -14.0% |
| Rollin Township | $320K | $260K | -18.8% |
Housing Supply in Rollin Township, MI
How many homes are available in Rollin Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Summary: The Rollin Township real estate market had 22 homes for sale in April 2024, a 46.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Rollin Township 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rollin Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Rollin Township in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Rollin Township, MI
How long does it take to sell a home in Rollin Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rollin Township has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Rollin Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
