Is Rose City, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rose City is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Rose City was a Seller's Market.

Key Takeaway

Rose City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rose City, MI

How much do homes in Rose City, MI cost?

Median Sold Price

$225,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$80,050(+55.2%)

Key Takeaway

Homes in Rose City have sold for 55.2% more than they did a year ago.

Summary: The median home sold price in Rose City was $225,000 in November 2024, up 55.2% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $52.5K-
N/A
2 $120.4K$210K
+74.3%
3 $147.5K$205K
+39.0%
4 $232.5K$259K
+11.4%
5+ $1.3M$534.9K
-60.4%

Summary: Rose City 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 74.3%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 60.4%.

Median Sold Price Compared To Nearby Cities

Rose City
+55.2%
Rose Township
+52.6%

Housing Supply in Rose City, MI

How many homes are available in Rose City, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10100.0%

Summary: The Rose City real estate market had 10 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 30
-100.0%
3 46
+50.0%
4 34
+33.3%
5+ 00
0.0%

Summary: The Rose City 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rose City, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Rose City in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Rose City, MI

How long does it take to sell a home in Rose City, MI?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Rose City are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Rose City; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Rose City, MI

Nearby Markets to Rose City, MI