Romeo, MI

Buyer's market

Housing market overview · Updated weekly

$270,000median sale price

Homes sold

1

Last 12 weeks

Days on market

101

Average pace

Active listings

14

14.0 months supply

Sale-to-list

90.0%

Below asking

The Romeo housing market is currently classified as a buyer's market with a median sale price of $270,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 101 days on market, indicating 14.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Romeo

There are currently 14 homes listed for sale in Romeo, Michigan. The median listing price is $275K.

Active listings

14

Homes on market

Median list price

$275K

Avg. days on market

101

Days until sale

New this week

7

Newly listed

Price drops:28.6%of listings
Sale-to-list:90.0%

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Frequently asked questions

What is the average home price in Romeo?

The median home sale price in Romeo is $270,000, down 0.0% from last year.

How long do homes stay on market in Romeo?

Homes typically spend 101 days on market before going under contract.

Is Romeo a buyer's or seller's market?

With 14.0 months of supply, Romeo is currently a buyer's market.

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