Rockford, MI Home Values & Market Trends

Real estate market trends reflect that there have been 736 transactions over the past year in Rockford. The median value for residential home transactions that occurred over the previous year is $389,772.73. The number of current listings in Rockford is 73, and the percentage of properties for sale in the city is 73.00%. Rockford, MI currently has 2 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 73 properties for sale.

Rockford, MI Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
49341

$ 414,960

$ 176/sqft

49351

$ --

$ --

Housing Market Summary for Rockford, MI

Mar 2023February 2024Change
Median Listing Price$465.5K$388.1K-16.64%
Median Sold Price$370K$388.1K4.90%
Homes For Sale6060-
Homes Sold46353114.69%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Rockford, MI

Rockford home values range from $17,668 to $4,004,877. The median estimated value of a home in Rockford is $389,772.73. The median list price of a home is 430,000, and the total count of properties in the city is 13,881.

Foreclosure
There are 2 zips within Rockford, MI; within these zips, the median estimated home value for homes in foreclosure ranges from $373,498 in 49341 to the lowest value of $350,952 in 49341. Foreclosure homes account for 0.00% of properties in Rockford, MI with 49341 containing 2 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Rockford, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Rockford, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Rockford, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Rockford, MI. There are 2 zips within Rockford, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    49341 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Rockford, MI. Auction homes and other auction properties account for 0.01% of all properties in Rockford, MI. There are 2 zips within Rockford, MI; of those zips, the median estimated home value for homes going to auction ranges from $373,498 in 49341 to the lowest value of $350,952 in 49341.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.53% of residential properties in Rockford, MI with 49341 containing 73 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Rockford, MI; homes for sale in those zips, have a range of median values from $1,395,000 in 49341 to the lowest value of $98,460 in 49341.
    Sold Homes
    The median value for recently sold homes ranges from $2,052,797 in 49341 to the lowest price of $33,259 in 49341. There are 2 zips within Rockford, MI. 49341 has 480 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.46% of properties in Rockford, MI.

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      Guide for Rockford, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      Market Reports
      Newark Real Estate Market Report, March 2024
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.

      Why Buying a Foreclosure is a Smart Move
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.

      Recently Listed Homes Rockford, MI

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