Romeo Real Estate
11 active listings · 50 sold in the past 12mo
$599,900
Median List Price
50
Sold (past 12mo)
75
Avg Days on Market
+19.5%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(11)
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For Sale
1/71
$1,439,000
78642 Harvest Lane, Romeo, MI 48065
3 bd5 ba8,526 sqft5.20 ac
Single Family
For Sale
1/22
$1,275,700
8267 Sandi Lane, Romeo, MI 48065
3 bd3 ba2,800 sqft2.23 ac
Single Family
For Sale
1/30
$1,179,700
4025 Taft Road, Romeo, MI 48065
3 bd3 ba2,800 sqft2.33 ac
Single Family
For Sale
1/50
$699,900
117 Bradley Street, Romeo, MI 48065
4 bd3 ba2,866 sqft0.68 ac
Single Family
For Sale
1/44
$615,000
70376 Hillside Court, Romeo, MI 48065
4 bd3 ba2,400 sqft0.39 ac
Single Family
For Sale
1/53
$599,900
11050 Wealthy Lane, Romeo, MI 48065
3 bd4 ba3,935 sqft0.86 ac
Single Family
For Sale
1/72
$525,000
71030 E Pond Creek Drive, Romeo, MI 48065
4 bd3 ba4,416 sqft1 ac
Single Family
For Sale
1/28
$399,900
224 Chandler Street, Romeo, MI 48065
0.18 ac
Multi-Fam
For Sale
1/58
$399,000
438 N Bailey Street, Romeo, MI 48065
4 bd2 ba2,200 sqft0.28 ac
Single Family
Under Contract
1/53
$269,900
158 S Rawles Street, Romeo, MI 48065
3 bd2 ba1,654 sqft0.15 ac
Single Family
For Sale
1/21
$39,900
71597 Penny Court, 240, Romeo, MI 48065
3 bd2 ba1,063 sqft
Condo
Recently Sold(50)
Frequently Asked Questions about Romeo
How many homes are for sale in Romeo?
There are currently 11 active listings in Romeo. The median asking price is $599,900.
How much do homes cost in Romeo?
Homes in Romeo sell for a median of $599,900, drawn from 50 transactions over the past year.
How long do homes stay on the market in Romeo?
The average days on market in Romeo is 75, based on 50 recent transactions.
What schools are in Romeo?
Romeo is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Romeo may be zoned for different districts. Check individual listings for the specific school district assignment.
What are market conditions like in Romeo?
With 2.6 months of inventory, Romeo is currently a seller's market. This is based on 11 active listings and 50 sales in the past 12 months.
How much are property taxes in Romeo?
Michigan property taxes in Romeo are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What is the Household Formation Gap in Romeo?
Census demographic data shows a +19.5% Household Formation Gap in Romeo. As average household size fell from 2.37 to 2.01, the estimated number of households grew by 297. Population grew 1.4% over the same period. HFG is a secondary market indicator reflecting household formation trends, distinct from primary indicators like comparative market analysis.