Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 22% from one year earlier, and down 5% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 12%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 240-thousand dollars. The number of units sold increased 26% year-over-year, and decreased 15% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Rockford, MI
Area Information for Rockford, MI
Population:6,580
Median Age:37.1 yr
Median Commute Time:20 mins
Educational Climate*:4
Sales Tax:0%
Population Density:2,029/sq mi
Population Change Since 2000:36.4%
Closest Airport:Gerald R Ford International
Closest College:Kuyper College
Closest Jr. College:Grand Rapids Community College
Median Household Income:$72,047
Annual Residential Turnover:0%
Median Home Sales Price:$281,000
Closest Major Sports Team:West Michigan Whitecaps (a)
Change Avg. Household Income Since 2000:69.39%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Rockford, MI
Median Age: 37.1Married: 45%Number of Households: 2,504Households with Children: 895
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.