Is Roseville, 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, Roseville has remained a Seller's Market.
Housing Prices in Roseville, MI
How much do homes in Roseville, MI cost?
Median Sold Price
$163,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Roseville was $163,500 in May 2024, up 6.9% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $64.7K | $69.5K | +7.3% |
2 Bedrooms | $100K | $116K | +16.0% |
3 Bedrooms | $160K | $174.4K | +9.0% |
4 Bedrooms | $160K | $193.5K | +20.9% |
5+ Bedrooms | $239.7K | $202.5K | -15.5% |
Summary: Roseville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Cities
Saint Clair Shores | $208K | $225K | +8.2% |
Roseville | $153K | $163.5K | +6.9% |
Fraser | $217K | $225K | +3.7% |
Clinton Township | $228.2K | $230.5K | +1.0% |
Clinton Charter Township | $229.9K | $230.4K | 0.2% |
Housing Supply in Roseville, MI
How many homes are available in Roseville, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
166 | 171 | +3.0% |
Summary: The Roseville real estate market had 171 homes for sale in May 2024, a 3.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 42 | 41 | -2.4% |
3 Bedrooms | 105 | 110 | +4.8% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Roseville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 57 | +5.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Roseville in May 2024, up by 5.6% month-over-month. Of the 57 sold homes, 37% were sold under asking, 18% were sold at asking, and 46% were sold over asking.
Days on Market for Roseville, MI
How long does it take to sell a home in Roseville, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 20 Days | +4.7% |
Summary: Homes in Roseville had an average of 20 days on market in May 2024, up by 4.7% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 57 homes were sold in Roseville; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.