Is Roscommon, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Roscommon has remained a Seller's Market.
Housing Prices in Roscommon, MI
How much do homes in Roscommon, MI cost?
Median Sold Price
$180,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Roscommon was $180,000 in April 2024, up 5.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $35.5K | -81.3% |
2 Bedrooms | $139K | $164K | +18.0% |
3 Bedrooms | $175K | $202.5K | +15.7% |
4 Bedrooms | $213.5K | $287K | +34.4% |
5+ Bedrooms | $174.9K | $430K | +145.9% |
Summary: Roscommon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 81.3%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes increased by 145.9%.
Housing Supply in Roscommon, MI
How many homes are available in Roscommon, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 88 | +44.3% |
Summary: The Roscommon real estate market had 88 homes for sale in April 2024, a 44.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 20 | 32 | +60.0% |
3 Bedrooms | 29 | 40 | +37.9% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Roscommon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 37.9%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Roscommon in April 2024, up by 6.3% month-over-month. Of the 17 sold homes, 76% were sold under asking, 12% were sold at asking, and 12% were sold over asking.
Days on Market for Roscommon, MI
How long does it take to sell a home in Roscommon, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Roscommon; 6% 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.