$6,876 Closing Credit*
$579,000
4,121 SqFt
5 Beds
•3 Full Baths, 1 Partial
Listing Office: eXp Realty
Is Rockford, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Rockford was a Seller's Market.
Key Takeaway
Rockford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rockford, MN
How much do homes in Rockford, MN cost?
Median Sold Price
$347,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$36,500(-9.5%)
Key Takeaway
Homes in Rockford have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Rockford was $347,500 in November 2024, down 9.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $319.9K | $319.9K | 0% |
| 3 Bedrooms | $330K | $312.5K | -5.3% |
| 4 Bedrooms | $449.9K | $347.5K | -22.8% |
| 5+ Bedrooms | $592.5K | $565K | -4.6% |
Summary: Rockford 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 did not change, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 22.8%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Greenfield | $615K | $795K | +29.3% |
| Franklin Township | $439.2K | $470.2K | +7.1% |
| Rockford Township | $385.5K | $375K | -2.7% |
| Rockford | $384K | $347.5K | -9.5% |
| Rockford | $384K | $347.5K | -9.5% |
Housing Supply in Rockford, MN
How many homes are available in Rockford, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 32 | +14.3% |
Summary: The Rockford real estate market had 32 homes for sale in November 2024, a 14.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Rockford 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 16.7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rockford, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Rockford in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Rockford, MN
How long does it take to sell a home in Rockford, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 85 Days | +56.4% |
Summary: Homes in Rockford had an average of 85 days on market in Nov 2024, up by 56.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was 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, 2 homes were sold in Rockford; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
