$2,018 Closing Credit*
$169,900
1,329 SqFt
2 Beds
•1 Full Bath
Lisa Reidt, Listing Office: Five Star Real Estate (Ithaca)
Is Rodney, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Rodney was a Buyer's Market.
Key Takeaway
Rodney is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rodney, MI
How much do homes in Rodney, MI cost?
Median Sold Price
$392,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$242,800(+162.7%)
Key Takeaway
Homes in Rodney have sold for 162.7% more than they did a year ago.
Summary: The median home sold price in Rodney was $392,000 in October 2024, up 162.7% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $145K | N/A |
| 2 Bedrooms | $80K | $289.5K | +261.9% |
| 3 Bedrooms | $168K | $357.5K | +112.8% |
| 4 Bedrooms | $389.9K | $855K | +119.3% |
| 5+ Bedrooms | - | $444.4K | N/A |
Summary: Rodney 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 261.9%, 3 bedroom homes increased by 112.8%, 4 bedroom homes increased by 119.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rodney | $149.2K | $392K | +162.7% |
| Colfax Township | $250K | $295K | +18.0% |
| Grant Township | $219.5K | $246.7K | +12.4% |
| Martiny Township | $224.2K | $205K | -8.6% |
Housing Supply in Rodney, MI
How many homes are available in Rodney, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Rodney real estate market had 5 homes for sale in October 2024, a 16.7% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rodney 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rodney, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Rodney in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rodney, MI
How long does it take to sell a home in Rodney, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 88 Days | 43 Days | -50.6% |
Summary: Homes in Rodney had an average of 43 days on market in Oct 2024, down by 50.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rodney has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Rodney; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
