Is Roosevelt Park, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Roosevelt Park has remained a Seller's Market.
Housing Prices in Roosevelt Park, MI
How much do homes in Roosevelt Park, MI cost?
Median Sold Price
$217,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Roosevelt Park was $217,000 in May 2024, up 3.3% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $197.7K | $187K | -5.4% |
3 Bedrooms | $201.4K | $218.9K | +8.7% |
4 Bedrooms | $234K | $239.9K | +2.5% |
5+ Bedrooms | - | - | N/A |
Summary: Roosevelt Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Norton Shores | $234.9K | $260K | +10.7% |
Muskegon | $169.3K | $183.6K | +8.4% |
Roosevelt Park | $210K | $217K | +3.3% |
Housing Supply in Roosevelt Park, MI
How many homes are available in Roosevelt Park, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Summary: The Roosevelt Park real estate market had 11 homes for sale in May 2024, a 21.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 8 | 5 | -37.5% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Roosevelt Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Roosevelt Park in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Roosevelt Park, MI
How long does it take to sell a home in Roosevelt Park, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
3 Days | 9 Days | +220.0% |
Summary: Homes in Roosevelt Park had an average of 9 days on market in May 2024, up by 220% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Roosevelt Park; 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.