$4,749 Closing Credit*
$399,900
1,500 SqFt
3 Beds
•2 Full Baths
Christopher Wenk, Listing Office: Century 21 Trophy Class
Is Rothbury, 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, Rothbury was a Seller's Market.
Key Takeaway
Rothbury 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 Rothbury, MI
How much do homes in Rothbury, MI cost?
Median Sold Price
$199,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,100(+10.0%)
Key Takeaway
Homes in Rothbury have sold for 10% more than they did a year ago.
Summary: The median home sold price in Rothbury was $199,000 in October 2024, up 10% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $145K | $191.2K | +31.9% |
| 3 Bedrooms | $193K | $184.5K | -4.4% |
| 4 Bedrooms | $200K | $108K | -46.0% |
| 5+ Bedrooms | - | $425K | N/A |
Summary: Rothbury 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 31.9%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 46%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Grant Township | $200K | $226K | +13.0% |
| Rothbury | $180.9K | $199K | +10.0% |
Housing Supply in Rothbury, MI
How many homes are available in Rothbury, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Rothbury real estate market had 12 homes for sale in October 2024, a 20.0% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rothbury 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rothbury, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Rothbury in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Rothbury, MI
How long does it take to sell a home in Rothbury, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 3 Days | -70.0% |
Summary: Homes in Rothbury had an average of 3 days on market in Oct 2024, down by 70% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rothbury are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Rothbury; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
