Is Rockwood, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockwood is a seller's market

Buyer's
Market

Difference Since May 2021

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.

How much do homes in Rockwood, MI cost?

Median Sold Price

$183,500

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$15,250(+9.1%)

Key Takeaway

Homes in Rockwood have sold for 9.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 --
N/A
2 -$132.3K
N/A
3 $164K$179.2K
+9.3%
4 $219.9K$207.5K
-5.7%
5+ $60K$200K
+233.3%

Median Sold Price Compared To Nearby Cities

Flat Rock
+30.8%
Berlin Charter Township
+11.8%
Rockwood
+9.1%

How many homes are available in Rockwood, MI?

Number of Homes For Sale

Apr 2022May 2022%
78+14.3%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 00
0.0%
3 77
0.0%
4 01
+100.0%
5+ 00
0.0%

Number of Homes Sold

Apr 2022May 2022%
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockwood, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
19 Days6 Days-67.5%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rockwood are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

33160 Swallow, Rockwood, MI 48173

33160 Swallow, Rockwood, MI 48173

$239,900
1,246 SqFt
3 Bedrooms
~$1,100/mo.*2 Full Baths
#60105687
Listing Office:
RE/MAX Leading EdgeMLS logo

Backup Offers

LOT2 Liparoto, Rockwood, MI 48134

LOT2 Liparoto, Rockwood, MI 48134

$685,446
2,300 SqFt
3 Bedrooms
~$3,200/mo.*2 Full Baths, 1 Partial
#60102082
Listing Office:
RE/MAX ClassicMLS logo
31658 Williams Ct, Rockwood, MI 48173

31658 Williams Ct, Rockwood, MI 48173

$242,000
1,427 SqFt
3 Bedrooms
~$1,150/mo.*2 Full Baths
#50076410
Listing Office:
Howard Hanna - MONROEMLS logo
20092 Candace, Rockwood, MI 48173

20092 Candace, Rockwood, MI 48173

$300,000
1,785 SqFt
3 Bedrooms
~$1,400/mo.*2 Full Baths
#60063393
Listing Office:
Neo RealtyMLS logo
32131 Truman Lot C.0, Rockwood, MI 48173

32131 Truman Lot C.0, Rockwood, MI 48173

$35,000
0.17 Acres 
~$150/mo.*
#60027945
Listing Office:
RE/MAX ClassicMLS logo
32131 Truman Lot B.0, Rockwood, MI 48173

32131 Truman Lot B.0, Rockwood, MI 48173

$35,000
0.17 Acres 
~$150/mo.*
#60027864
Listing Office:
RE/MAX ClassicMLS logo
21301 Woodruff, Rockwood, MI 48173

21301 Woodruff, Rockwood, MI 48173

$455,000
28.45 Acres 
~$2,100/mo.*
#40251977
Listing Office:
Keller Williams AdvantageMLS logo
32346 Truman, Rockwood, MI 48173

32346 Truman, Rockwood, MI 48173

$254,900
2,358 SqFt
3 Bedrooms
~$1,200/mo.*2 Full Baths
#40249044
Listing Office:
Real Estate ProMLS logo
LOT1 Liparoto, Rockwood, MI 48173

LOT1 Liparoto, Rockwood, MI 48173

$465,000
2,000 SqFt
3 Bedrooms
~$2,150/mo.*2 Full Baths
#40027564
Listing Office:
RE/MAX ClassicMLS logo
21405 E Russell, Rockwood, MI 48173

21405 E Russell, Rockwood, MI 48173

$149,000
1.54 Acres 
~$700/mo.*
#21409910
Listing Office:
GRI Homes For TodayMLS logo

About Rockwood, MI

There are 8 homes are for sale in Rockwood, MI real estate market. The number of homes for sale in Rockwood, MI increased by 14.3% between April 2022 and May 2022. In May 2022, listings were on the market for 6 days. During the same period, the median list price in this real estate market was $183,500. Listing prices have changed in this real estate market between April 2022 and May 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties went up by 9.3%, 4 bedrooms properties prices decreased by 5.7%, 5 bedrooms properties became 233.3% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes inventory did not change, the quantity of 4 bedrooms homes went up by 100%, 5 bedrooms homes inventory did not change. In May 2022 more than 2 listings in Rockwood, MI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. for the period 06/01/2020 - 06/01/2022

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2022 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information displayed on listing details is only applicable to other member participants of the source MLS.

Last updated on: 6/27/2022, 4:25:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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