South Rockwood, MI Home Values & Market Trends

Real estate market trends reflect that there have been 36 transactions over the past year in South Rockwood. The median value for residential home transactions that occurred over the previous year is $282,644.21. The number of current listings in South Rockwood is 2, and the percentage of properties for sale in the city is 2.00%. South Rockwood, MI currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 2 properties for sale.

South Rockwood, MI Real Estate Market Overview

ZipMedian Est. Value
48179

$ 199,950

$ 154/sqft

Housing Market Summary for South Rockwood, MI

Apr 2023March 2024Change
Median Listing Price$300K$252K-16.01%
Median Sold Price$315.1K$252K-20.03%
Homes For Sale12100.00%
Homes Sold3824-36.84%
Price
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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 South Rockwood, MI

South Rockwood home values range from $29,973 to $1,731,616. The median estimated value of a home in South Rockwood is $282,644.21. The median list price of a home is 199,950, and the total count of properties in the city is 1,095.

Foreclosure
There is 1 zips within South Rockwood, MI; within this zips, the median estimated home value for homes in foreclosure ranges from $215,000 in 48179 to the lowest value of $215,000 in 48179. Foreclosure homes account for 0.00% of properties in South Rockwood, MI with 48179 containing 1 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in South Rockwood, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within South Rockwood, MI; of that 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 South Rockwood, 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 South Rockwood, MI. There is 1 zips within South Rockwood, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    48179 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of South Rockwood, MI. Auction homes and other auction properties account for 0.09% of all properties in South Rockwood, MI. There is 1 zips within South Rockwood, MI; of that zips, the median estimated home value for homes going to auction ranges from $215,000 in 48179 to the lowest value of $215,000 in 48179.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.18% of residential properties in South Rockwood, MI with 48179 containing 2 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within South Rockwood, MI; homes for sale in that zips, have a range of median values from $300,000 in 48179 to the lowest value of $99,900 in 48179.
    Sold Homes
    The median value for recently sold homes ranges from $737,141 in 48179 to the lowest price of $29,979 in 48179. There is 1 zips within South Rockwood, MI. 48179 has 38 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.47% of properties in South Rockwood, MI.

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      Guide for South Rockwood, 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
      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
      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

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      Recently Listed Homes South Rockwood, MI

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