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Is Rhodes, MI 48652 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Rhodes is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list99.9%Share of sales, last 3 months
Median sale-to-list109.1%Sold price ÷ list price
Median days on market3Listing to accepted offer
Median price per sq ft$60▼ −49.6% vs. last year

The Rhodes housing market right now

In the three months ending August 31, 2026, 100% of homes in Rhodes, MI 48652 sold above their list price, the typical home went under contract in 3 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (5 days then) and the median sale price fell 86% to $74,968. Overall, Rhodes is more competitive than a year ago, so tougher for buyers.

Nearby, buyers who want less competition could look at Gladwin 48624 (11% sold over asking) or Alger 48610 (17% sold over asking).

Run the numbers for 48652

Prefilled for 48652Can I win this house?Multiple-offer likelihood for a listing Prefilled for 48652Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alger 48610Seller’s market $159 /sq ftBeaverton 48612Seller’s market $165 /sq ftGladwin 48624Seller’s market $162 /sq ft Browse all markets →

Towns like Rhodes nearby

Find towns like Rhodes in other states →
Bentley, MI48613 · 7 miles away89% similarsmaller Merrill, MI48637 · 32 miles away65% similarlarger · older homes Wheeler, MI48662 · 33 miles away64% similarcheaper homes ($41K less) · smaller Sterling, MI48659 · 17 miles away62% similarcheaper homes ($26K less) · 8 min shorter commute

Where Rhodes is

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Questions about Rhodes real estate

Is Rhodes a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Rhodes, MI 48652 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Rhodes?

The typical home went under contract in 3 days in the latest three months.

Do homes in Rhodes sell over asking?

100% of homes sold above their original list price, and the typical sale closed at 109.1% of the list price.

What are property taxes in Rhodes?

About 1.15% of a home’s value a year in Gladwin County, or roughly $4,600 on a $400,000 home.

What is the median home price in Rhodes?

The median sale price was $74,968 in the three months ending August 31, 2026, about $60 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology