$8,500
0.36 Acres
Land
Brian Brinkert, Listing Office: Bellabay Realty White Lake
Is Rothbury, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Rothbury was a Neutral Market.
Key Takeaway
Rothbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rothbury, MI
How much do homes in Rothbury, MI cost?
Median Sold Price
$199,900
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,000(+10.5%)
Key Takeaway
Homes in Rothbury have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Rothbury was $199,900 in November 2024, up 10.5% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $145K | $191.2K | +31.9% |
| 3 Bedrooms | $193K | $190K | -1.6% |
| 4 Bedrooms | $185K | $239K | +29.2% |
| 5+ Bedrooms | - | $419.7K | N/A |
Summary: Rothbury 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 increased by 31.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Grant Township | $200.5K | $242K | +20.7% |
| Rothbury | $180.9K | $199.9K | +10.5% |
Housing Supply in Rothbury, MI
How many homes are available in Rothbury, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Rothbury real estate market had 10 homes for sale in November 2024, a 9.1% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rothbury 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were 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 November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 44 Days | -3.3% |
Summary: Homes in Rothbury had an average of 44 days on market in Nov 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 November 2024, 2 homes were sold in Rothbury; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
