$5,344 Closing Credit*
$450,000
1,972 SqFt
4 Beds
•3 Full Baths, 1 Partial
Tammy Schuiling, Listing Office: Greenridge Realty (Summit)
Is Rockford, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$430,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.2%)
Key Takeaway
Homes in Rockford have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Rockford was $430,000 in October 2024, up 1.2% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $353K | +0.9% |
| 2 Bedrooms | $270K | $275K | +1.9% |
| 3 Bedrooms | $373.7K | $375K | 0.3% |
| 4 Bedrooms | $450K | $470K | +4.4% |
| 5+ Bedrooms | $588K | $613K | +4.3% |
Summary: Rockford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Courtland Township | $448.3K | $520K | +16.0% |
| Cannon Township | $437.5K | $482K | +10.2% |
| Algoma Township | $415K | $425K | +2.4% |
| Rockford | $425K | $430K | +1.2% |
Housing Supply in Rockford, MI
How many homes are available in Rockford, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 141 | 135 | -4.3% |
Summary: The Rockford real estate market had 135 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 49 | 45 | -8.2% |
| 4 Bedrooms | 58 | 60 | +3.4% |
| 5+ Bedrooms | 25 | 22 | -12.0% |
Summary: The Rockford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 12%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 36 | -26.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockford, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Rockford in October 2024, down by 26.5% month-over-month. Of the 36 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 50 Days | +92.4% |
Summary: Homes in Rockford had an average of 50 days on market in Oct 2024, up by 92.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 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 October 2024, 36 homes were sold in Rockford; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
