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.

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.

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