$1,069 Closing Credit*
$90,000
1,406 SqFt
3 Beds
•1 Full Bath
Daniel Cook, Listing Office: KW Advantage
Is Cody / Rouge, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cody / Rouge has remained a Seller's Market.
Key Takeaway
Cody / Rouge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cody / Rouge, MI
How much do homes in Cody / Rouge, MI cost?
Median Sold Price
$127,500
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,501(+9.9%)
Key Takeaway
Homes in Cody / Rouge have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Cody / Rouge was $127,500 in November 2024, up 9.9% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $42.5K | $107.5K | +152.9% |
| 3 Bedrooms | $122.5K | $130K | +6.1% |
| 4 Bedrooms | $110K | $145K | +31.8% |
| 5+ Bedrooms | - | $162K | N/A |
Summary: Cody / Rouge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 152.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Franklin Park | $49.9K | $76.5K | +53.2% |
| Weatherby / Franklin Park | $50K | $72.5K | +45.0% |
| Warrendale | $55K | $71.2K | +29.5% |
| Cody / Rouge | $115.9K | $127.5K | +9.9% |
| Parkland | $112K | $119.9K | +7.1% |
Housing Supply in Cody / Rouge, MI
How many homes are available in Cody / Rouge, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 17 | -29.2% |
Summary: The Cody / Rouge real estate market had 17 homes for sale in November 2024, a 29.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cody / Rouge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cody / Rouge, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Cody / Rouge in November 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Cody / Rouge, MI
How long does it take to sell a home in Cody / Rouge, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 22 Days | +28.4% |
Summary: Homes in Cody / Rouge had an average of 22 days on market in Nov 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cody / Rouge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Cody / Rouge; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
