Is Roseville, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roseville is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Roseville has remained a Seller's Market.

Key Takeaway

Roseville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Roseville, MI

How much do homes in Roseville, MI cost?

Median Sold Price

$164,750

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,350(+9.5%)

Key Takeaway

Homes in Roseville have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Roseville was $164,750 in November 2024, up 9.5% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $69.5K$64.9K
-6.6%
2 $101.5K$128.9K
+27.0%
3 $160.2K$175K
+9.2%
4 $167.5K$212.5K
+26.9%
5+ $180K$225K
+25.0%

Summary: Roseville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 25%.

Median Sold Price Compared To Nearby Cities

Clinton Township
+12.0%
Clinton Charter Township
+11.3%
Roseville
+9.5%
Saint Clair Shores
+9.4%
Fraser
-1.1%

Housing Supply in Roseville, MI

How many homes are available in Roseville, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
214199-7.0%

Summary: The Roseville real estate market had 199 homes for sale in November 2024, a 7.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 109
-10.0%
2 4342
-2.3%
3 136127
-6.6%
4 2320
-13.0%
5+ 21
-50.0%

Summary: The Roseville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6640-39.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roseville, you could pay more than the asking price. 45% of homes here sold above asking price last month.

Summary: A total of 40 homes were sold or pending in Roseville in November 2024, down by 39.4% month-over-month. Of the 40 sold homes, 30% were sold under asking, 25% were sold at asking, and 45% were sold over asking.

Days on Market for Roseville, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days24 Days+18.2%

Summary: Homes in Roseville had an average of 24 days on market in Nov 2024, up by 18.2% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Roseville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 40 homes were sold in Roseville; 63% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 3% 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

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