Is Rockwood, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rockwood has remained a Seller's Market.
Housing Prices in Rockwood, MI
How much do homes in Rockwood, MI cost?
Median Sold Price
$272,500
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rockwood was $272,500 in April 2024, up 12.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $100K | N/A |
2 Bedrooms | $130K | $135K | +3.8% |
3 Bedrooms | $200K | $233K | +16.5% |
4 Bedrooms | $358K | $385K | +7.5% |
5+ Bedrooms | $491K | $380K | -22.6% |
Summary: Rockwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 22.6%.
Median Sold Price Compared To Nearby Cities
Gibraltar | $190K | $245K | +28.9% |
Rockwood | $242.2K | $272.5K | +12.5% |
Flat Rock | $300K | $311.4K | +3.8% |
Berlin Charter Township | $287.5K | $280K | -2.6% |
Housing Supply in Rockwood, MI
How many homes are available in Rockwood, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 24 | +26.3% |
Summary: The Rockwood real estate market had 24 homes for sale in April 2024, a 26.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Rockwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Rockwood in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 15 Days | +155.6% |
Summary: Homes in Rockwood had an average of 15 days on market in Apr 2024, up by 155.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Rockwood; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.