Is Roscommon County, 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, 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
$177,083
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Roscommon County have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Roscommon County was $177,083 in May 2024, up 4.7% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90.5K | $82.5K | -8.8% |
| 2 Bedrooms | $130.3K | $138.8K | +6.5% |
| 3 Bedrooms | $187K | $209.6K | +12.1% |
| 4 Bedrooms | $258.7K | $272.4K | +5.3% |
| 5+ Bedrooms | $220K | $663.4K | +201.6% |
Summary: Roscommon County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.8%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 201.6%.
Median Sold Price Compared To Nearby Counties
| Crawford County | $168K | $199.5K | +18.8% |
| Ogemaw County | $139K | $155K | +11.5% |
| Roscommon County | $169.1K | $177K | +4.7% |
| Gladwin County | $175K | $174K | -0.6% |
| Oscoda County | $130K | $113K | -13.1% |
Housing Supply in Roscommon County, MI
How many homes are available in Roscommon County, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 255 | 334 | +31.0% |
Summary: The Roscommon County real estate market had 334 homes for sale in May 2024, a 31.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 88 | 124 | +40.9% |
| 3 Bedrooms | 122 | 151 | +23.8% |
| 4 Bedrooms | 27 | 38 | +40.7% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Roscommon County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 40.9%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 69 | +46.8% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
12 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. 62.3% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Roscommon County in May 2024, up by 46.8% month-over-month. Of the 69 sold homes, 62% were sold under asking, 20% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 60 Days | +156.7% |
Summary: Homes in Roscommon County had an average of 60 days on market in May 2024, up by 156.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Roscommon County has remained consistent over time.
Summary: During May 2024, 69 homes were sold in Roscommon County; 10% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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