$736 Closing Credit*
$62,000
1,586 SqFt
3 Beds
•1 Full Bath
Kenneth F Evans, Listing Office: Reach Realty Group
Is Rosedale, 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, Rosedale was a Seller's Market.
Key Takeaway
Rosedale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rosedale, MI
How much do homes in Rosedale, MI cost?
Median Sold Price
$168,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$500(-0.3%)
Key Takeaway
The sold price of homes in Rosedale has remained the same since last year.
Summary: The median home sold price in Rosedale was $168,000 in October 2024, down 0.3% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $88K | $105K | +19.3% |
| 3 Bedrooms | $160K | $165K | +3.1% |
| 4 Bedrooms | $220K | $220K | 0.0% |
| 5+ Bedrooms | $190K | $195K | +2.6% |
Summary: Rosedale 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 19.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Rosedale Park | $185K | $216K | +16.8% |
| Minock Park | $95.5K | $102K | +6.8% |
| Upper West | $84.1K | $89.4K | +6.3% |
| Rosedale | $168.5K | $168K | -0.3% |
| North Rosedale Park | $203K | $191.4K | -5.7% |
Housing Supply in Rosedale, MI
How many homes are available in Rosedale, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 70 | +12.9% |
Summary: The Rosedale real estate market had 70 homes for sale in October 2024, a 12.9% increase 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 42 | 50 | +19.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Rosedale 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 40%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rosedale, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Rosedale in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 18 Days | -58.6% |
Summary: Homes in Rosedale had an average of 18 days on market in Oct 2024, down by 58.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 9 homes were sold in Rosedale; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% 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.