$1,366 Closing Credit*
$115,000
860 SqFt
3 Beds
•2 Full Baths, 1 Partial
Rhonda V Johnson, Listing Office: RE/MAX Nexus
Is North Rosedale Park, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, North Rosedale Park has remained a Seller's Market.
Key Takeaway
North Rosedale Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Rosedale Park, MI
How much do homes in North Rosedale Park, MI cost?
Median Sold Price
$191,400
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,600(-5.7%)
Key Takeaway
Homes in North Rosedale Park have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in North Rosedale Park was $191,400 in October 2024, down 5.7% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90K | $191.4K | +112.7% |
| 3 Bedrooms | $150K | $171.5K | +14.3% |
| 4 Bedrooms | $265K | $280K | +5.7% |
| 5+ Bedrooms | $293K | $252K | -14.0% |
Summary: North Rosedale Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 112.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 14%.
Median Sold Price Compared To Nearby Neighborhoods
| Evergreen | $72K | $77.5K | +7.6% |
| Upper West | $84.1K | $89.4K | +6.3% |
| Grandmont | $90K | $90K | 0.0% |
| Rosedale | $168.5K | $168K | -0.3% |
| North Rosedale Park | $203K | $191.4K | -5.7% |
Housing Supply in North Rosedale Park, MI
How many homes are available in North Rosedale Park, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Summary: The North Rosedale Park real estate market had 23 homes for sale in October 2024, a 21.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The North Rosedale Park housing inventory by bedroom type for October 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 18.2%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Rosedale Park, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in North Rosedale Park in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for North Rosedale Park, MI
How long does it take to sell a home in North Rosedale Park, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 15 Days | 0.3% |
Summary: Homes in North Rosedale Park had an average of 15 days on market in Oct 2024, up by 0.3% compared to last year.
Breakdown of Home Sale Times
4 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 North Rosedale Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in North Rosedale Park; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
