$2,909 Closing Credit*
$245,000
2,178 SqFt
3 Beds
•1 Full Bath, 1 Partial
Schakerra Edwards, Listing Office: Front Page Properties
Is Rosedale, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Rosedale has remained a Neutral Market.
Key Takeaway
Rosedale 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 Rosedale, MI
How much do homes in Rosedale, MI cost?
Median Sold Price
$173,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,000(+6.8%)
Key Takeaway
Homes in Rosedale have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Rosedale was $173,000 in November 2024, up 6.8% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $126K | $95.7K | -24.0% |
| 3 Bedrooms | $160.5K | $165K | +2.8% |
| 4 Bedrooms | $180K | $237.5K | +31.9% |
| 5+ Bedrooms | $293K | $223.5K | -23.7% |
Summary: Rosedale 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 decreased by 24%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes decreased by 23.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Minock Park | $92.5K | $104.5K | +13.0% |
| Upper West | $81.9K | $89.9K | +9.8% |
| Rosedale | $162K | $173K | +6.8% |
| North Rosedale Park | $179.9K | $189K | +5.1% |
Housing Supply in Rosedale, MI
How many homes are available in Rosedale, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 72 | +5.9% |
Summary: The Rosedale real estate market had 72 homes for sale in November 2024, a 5.9% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 46 | 56 | +21.7% |
| 4 Bedrooms | 15 | 9 | -40.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Rosedale 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 increased by 25%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rosedale, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Rosedale in November 2024, up by 9.1% month-over-month. Of the 12 sold homes, 42% were sold under asking, 0% were sold at asking, and 58% were sold over asking.
Days on Market for Rosedale, MI
How long does it take to sell a home in Rosedale, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 35 Days | +70.7% |
Summary: Homes in Rosedale had an average of 35 days on market in Nov 2024, up by 70.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rosedale are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Rosedale; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.