$7,719 Closing Credit*
$650,000
4,998 SqFt
7 Beds
•5 Full Baths
Renee Waverly, Listing Office: Brookstone Realtors
Is Rose Lake Township, 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, Rose Lake Township has remained a Seller's Market.
Key Takeaway
Rose Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rose Lake Township, MI
How much do homes in Rose Lake Township, MI cost?
Median Sold Price
$222,500
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,000(+50.8%)
Key Takeaway
Homes in Rose Lake Township have sold for 50.8% more than they did a year ago.
Summary: The median home sold price in Rose Lake Township was $222,500 in October 2024, up 50.8% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $40K | N/A |
| 2 Bedrooms | $98K | $250.4K | +155.6% |
| 3 Bedrooms | $190K | $197K | +3.7% |
| 4 Bedrooms | $326.2K | $501K | +53.6% |
| 5+ Bedrooms | - | $598.4K | N/A |
Summary: Rose Lake Township 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 155.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 53.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rose Lake Township | $147.5K | $222.5K | +50.8% |
| Leroy | $190.7K | $179K | -6.2% |
Housing Supply in Rose Lake Township, MI
How many homes are available in Rose Lake Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Rose Lake Township real estate market had 11 homes for sale in October 2024, a 15.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rose Lake Township 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 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 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 Rose Lake Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rose Lake Township in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rose Lake Township, MI
How long does it take to sell a home in Rose Lake Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 95 Days | +203.7% |
Summary: Homes in Rose Lake Township had an average of 95 days on market in Oct 2024, up by 203.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Rose Lake Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Rose Lake Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
