$85,000
1.31 Acres
Land
Kirt Stevens, Listing Office: Keller Williams GR North
Is Rockford, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Rockford has remained a Seller's Market.
Key Takeaway
Rockford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockford, MI
How much do homes in Rockford, MI cost?
Median Sold Price
$435,500
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,500(+2.5%)
Key Takeaway
Homes in Rockford have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Rockford was $435,500 in November 2024, up 2.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $353K | +0.9% |
| 2 Bedrooms | $275.5K | $284.5K | +3.3% |
| 3 Bedrooms | $375K | $375K | 0.0% |
| 4 Bedrooms | $450K | $467.4K | +3.9% |
| 5+ Bedrooms | $591K | $577.5K | -2.3% |
Summary: Rockford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 3.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Cannon Township | $440K | $487.5K | +10.8% |
| Courtland Township | $449.3K | $495K | +10.2% |
| Algoma Township | $400K | $430K | +7.5% |
| Rockford | $425K | $435.5K | +2.5% |
Housing Supply in Rockford, MI
How many homes are available in Rockford, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 139 | 117 | -15.8% |
Summary: The Rockford real estate market had 117 homes for sale in November 2024, a 15.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 47 | 41 | -12.8% |
| 4 Bedrooms | 63 | 54 | -14.3% |
| 5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The Rockford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 29 | -27.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockford, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Rockford in November 2024, down by 27.5% month-over-month. Of the 29 sold homes, 48% were sold under asking, 34% were sold at asking, and 17% were sold over asking.
Days on Market for Rockford, MI
How long does it take to sell a home in Rockford, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 49 Days | +86.6% |
Summary: Homes in Rockford had an average of 49 days on market in Nov 2024, up by 86.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rockford are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in Rockford; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
