Is Rose Lake Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rose Lake Township has remained a Seller's Market.
Key Takeaway
Rose Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rose Lake Township, MI
How much do homes in Rose Lake Township, MI cost?
Median Sold Price
$378,000
$256/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Rose Lake Township have sold for 387.7% more than they did a month ago.
Summary: The median home sold price in Rose Lake Township was $378,000 in April 2024, up 387.7% from last month, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | - | N/A |
| 2 Bedrooms | $115K | $825K | +617.4% |
| 3 Bedrooms | - | $269K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Rose Lake Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 617.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rose Lake Township | $77.5K | $378K | +387.7% |
| Cedar Township | $412K | $667.5K | +62.0% |
Housing Supply in Rose Lake Township, MI
How many homes are available in Rose Lake Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The Rose Lake Township real estate market had 12 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rose Lake Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rose Lake Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Rose Lake Township in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Rose Lake Township, MI
How long does it take to sell a home in Rose Lake Township, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 149 Days | 67 Days | -55.0% |
Summary: Homes in Rose Lake Township had an average of 67 days on market in Apr 2024, down by 55% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rose Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Rose Lake Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
