$36,000
0.31 Acres
Land
Anthony Ward-Zanotti, Listing Office: EXP Realty LLC
Is Rockwood, 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, Rockwood has remained a Seller's Market.
Key Takeaway
Rockwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockwood, MI
How much do homes in Rockwood, MI cost?
Median Sold Price
$277,500
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,500(+22.2%)
Key Takeaway
Homes in Rockwood have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in Rockwood was $277,500 in October 2024, up 22.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | - | N/A |
| 2 Bedrooms | $135K | $150K | +11.1% |
| 3 Bedrooms | $205K | $240K | +17.1% |
| 4 Bedrooms | $357K | $402.5K | +12.7% |
| 5+ Bedrooms | $390K | $250K | -35.9% |
Summary: Rockwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 35.9%.
Median Sold Price Compared To Nearby Cities
| Rockwood | $227K | $277.5K | +22.2% |
| Berlin Charter Township | $275K | $299.9K | +9.1% |
| Flat Rock | $321.7K | $300K | -6.7% |
| Gibraltar | $245K | $225K | -8.2% |
Housing Supply in Rockwood, MI
How many homes are available in Rockwood, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Summary: The Rockwood real estate market had 22 homes for sale in October 2024, a 29.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Rockwood 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 100%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rockwood, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Rockwood in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Rockwood, MI
How long does it take to sell a home in Rockwood, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 10 Days | +5.3% |
Summary: Homes in Rockwood had an average of 10 days on market in Oct 2024, up by 5.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rockwood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Rockwood; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
