Roscommon Housing Market & Real Estate Update: Rates Below 6%, Inventory Steady
Roscommon, MI – March 2, 2026 – Mortgage rates slipped under 6% as inventory hovered near 70 listings; buyers saw more room to negotiate heading into spring.
Roscommon, MI buyers heading into early spring are seeing slightly lower borrowing costs. Freddie Mac’s weekly average 30-year fixed mortgage rate was 5.98% as of 02/26/2026.
Top takeaways
- Major market trackers show local price benchmarks mostly steady year-over-year.
- Inventory remains modest, with new listings still a small share of total homes for sale.
- Closed-sale examples point to more negotiating room in some cases, especially when marketing times run longer.
Market snapshot
Zillow’s Home Value Index places the typical home value around $194K, up 1.9% year-over-year (data through 01/31/2026). Zillow also shows roughly 70 homes for sale and about 9 new listings, alongside a median list price near $230K. Together, those figures suggest a market that’s active but still relatively tight, with limited fresh supply compared with what’s already available.
Redfin’s most recent monthly view shows a $300K median sale price and $142 per square foot. In smaller markets, monthly medians can swing because a relatively small number of sales can move the midpoint up or down, so it can help to compare multiple trackers and look at a few recent closed-sale patterns rather than relying on a single month’s median alone.
What’s for sale to watch
- Entry-priced lots around $98K.
- Smaller 2-bedroom homes around $235K.
- Larger 4-bedroom options around $360K.
Which segment is moving fastest locally right now: lake-area homes, year-round starter houses, or vacant land?