$6,994 Closing Credit*
$589,000
3,368 SqFt
4 Beds
•3 Full Baths
Joseph Wagley, Listing Office: The Wagley Group
Is Rome Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Rome Township was a Seller's Market.
Key Takeaway
Rome Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Rome Township, MI
How much do homes in Rome Township, MI cost?
Median Sold Price
$160,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$115,000(-41.8%)
Key Takeaway
Homes in Rome Township have sold for 41.8% less than they did a year ago.
Summary: The median home sold price in Rome Township was $160,000 in November 2024, down 41.8% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $145K | N/A |
| 3 Bedrooms | $287K | $155K | -46.0% |
| 4 Bedrooms | $290.5K | $337.4K | +16.2% |
| 5+ Bedrooms | $220K | - | N/A |
Summary: Rome Township 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 did not change, 3 bedroom homes decreased by 46%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cambridge Township | $263K | $310K | +17.9% |
| Rome Township | $275K | $160K | -41.8% |
Housing Supply in Rome Township, MI
How many homes are available in Rome Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Rome Township real estate market had 7 homes for sale in November 2024, a 16.7% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rome Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rome Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Rome Township in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rome Township, MI
How long does it take to sell a home in Rome Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 23 Days | -68.3% |
Summary: Homes in Rome Township had an average of 23 days on market in Nov 2024, down by 68.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rome Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Rome Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
