Is Roscommon County, 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 County has remained a Seller's Market.
Housing Prices in Roscommon County, MI
How much do homes in Roscommon County, MI cost?
Median Sold Price
$174,850
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Roscommon County was $174,850 in April 2024, up 2.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $86K | $85K | -1.2% |
2 Bedrooms | $134.2K | $138K | +2.8% |
3 Bedrooms | $186.3K | $205K | +10.0% |
4 Bedrooms | $277.5K | $272.4K | -1.8% |
5+ Bedrooms | $227.5K | $543.5K | +138.9% |
Summary: Roscommon County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 138.9%.
Median Sold Price Compared To Nearby Counties
Crawford County | $170K | $199.1K | +17.1% |
Ogemaw County | $142K | $148.5K | +4.6% |
Roscommon County | $169.9K | $174.8K | +2.9% |
Gladwin County | $179.5K | $170K | -5.3% |
Oscoda County | $120K | $112.5K | -6.3% |
Housing Supply in Roscommon County, MI
How many homes are available in Roscommon County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
192 | 260 | +35.4% |
Summary: The Roscommon County real estate market had 260 homes for sale in April 2024, a 35.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 9 | +80.0% |
2 Bedrooms | 67 | 93 | +38.8% |
3 Bedrooms | 95 | 120 | +26.3% |
4 Bedrooms | 19 | 29 | +52.6% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Roscommon County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 38.8%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 52.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 46 | +7.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Roscommon County in April 2024, up by 7.0% month-over-month. Of the 46 sold homes, 65% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Roscommon County, MI
How long does it take to sell a home in Roscommon County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
172 Days | 69 Days | -59.8% |
Summary: Homes in Roscommon County had an average of 69 days on market in Apr 2024, down by 59.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 46 homes were sold in Roscommon County; 4% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.