Is Rodney, 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, Rodney has remained a Seller's Market.
Housing Prices in Rodney, MI
How much do homes in Rodney, MI cost?
Median Sold Price
$250,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rodney was $250,000 in May 2024, up 47.1% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $145K | -47.3% |
2 Bedrooms | $166K | $152K | -8.4% |
3 Bedrooms | $170K | $250K | +47.1% |
4 Bedrooms | $389.9K | $855K | +119.3% |
5+ Bedrooms | - | $439.9K | N/A |
Summary: Rodney housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.3%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 47.1%, 4 bedroom homes increased by 119.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Rodney | $170K | $250K | +47.1% |
Martiny Township | $187.5K | $215.7K | +15.1% |
Grant Township | $215K | $235K | +9.3% |
Housing Supply in Rodney, MI
How many homes are available in Rodney, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Summary: The Rodney real estate market had 11 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Rodney 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Rodney in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rodney, MI
How long does it take to sell a home in Rodney, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
174 Days | 42 Days | -75.7% |
Summary: Homes in Rodney had an average of 42 days on market in May 2024, down by 75.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Rodney; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.