$2,969 Closing Credit*
$250,000
1,936 SqFt
2 Beds
•1 Full Bath
Jessica Millerwise, Listing Office: MGR Real Estate
Is Rockwood, 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, 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
$285,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+16.3%)
Key Takeaway
Homes in Rockwood have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Rockwood was $285,000 in November 2024, up 16.3% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | - | N/A |
| 2 Bedrooms | $135K | $150K | +11.1% |
| 3 Bedrooms | $217K | $226K | +4.1% |
| 4 Bedrooms | $350.1K | $405.7K | +15.9% |
| 5+ Bedrooms | $390K | $250K | -35.9% |
Summary: Rockwood housing prices by bedroom type for November 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 4.1%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes decreased by 35.9%.
Median Sold Price Compared To Nearby Cities
| Rockwood | $245K | $285K | +16.3% |
| Berlin Charter Township | $277.4K | $300K | +8.1% |
| Flat Rock | $305K | $302.5K | -0.8% |
| Gibraltar | $255K | $218.4K | -14.3% |
Housing Supply in Rockwood, MI
How many homes are available in Rockwood, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Rockwood real estate market had 24 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Rockwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rockwood, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Rockwood in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 17 Days | -60.2% |
Summary: Homes in Rockwood had an average of 17 days on market in Nov 2024, down by 60.2% compared to last year.
Breakdown of Home Sale Times
4 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 November 2024, 5 homes were sold in Rockwood; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
