Is Rockford Township, MN 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, Rockford Township has remained a Seller's Market.
Housing Prices in Rockford Township, MN
How much do homes in Rockford Township, MN cost?
Median Sold Price
$369,990
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rockford Township was $369,990 in April 2024, the same as last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $318K | $335K | +5.3% |
3 Bedrooms | $337.5K | $320.4K | -5.1% |
4 Bedrooms | $400K | $419.9K | +5.0% |
5+ Bedrooms | $630K | $541.2K | -14.1% |
Summary: Rockford Township 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 5.3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 14.1%.
Housing Supply in Rockford Township, MN
How many homes are available in Rockford Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 42 | +20.0% |
Summary: The Rockford Township real estate market had 42 homes for sale in April 2024, a 20.0% 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 | 7 | 5 | -28.6% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 13 | 23 | +76.9% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Rockford Township 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 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 76.9%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Rockford Township in April 2024, the same as the previous month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Rockford Township, MN
How long does it take to sell a home in Rockford Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 49 Days | -14.9% |
Summary: Homes in Rockford Township had an average of 49 days on market in Apr 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Rockford Township; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.