Is Rockford, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockford is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Rockford was a Buyer's Market.

Key Takeaway

Rockford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rockford, TN

How much do homes in Rockford, TN cost?

Median Sold Price

$530,043

$221/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$255,143(+92.8%)

Key Takeaway

Homes in Rockford have sold for 92.8% more than they did a month ago.

Summary: The median home sold price in Rockford was $530,043 in February 2024, up 92.8% from last month, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $274.9K-
N/A
3 -$330K
N/A
4 -$900K
N/A
5+ --
N/A

Summary: Rockford housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Rockford, TN

How many homes are available in Rockford, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
913+44.4%

Summary: The Rockford real estate market had 13 homes for sale in February 2024, a 44.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 47
+75.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Rockford housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockford, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Rockford in February 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Rockford, TN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 3 Days Ago

Newest Listings in Rockford, TN

Nearby Markets to Rockford, TN

What housing markets are near Rockford, TN?