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Featured local agent — South Rockwood, MI
Sarah Mitchell
Compass Real Estate · South Rockwood, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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South Rockwood, MI Housing Market
The typical home in South Rockwood, MI is worth $322,337, rose 10.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $275,000, +17.4% year over year (through May 2026). With 4.0 months of supply and homes going under contract in about 7 days, South Rockwood is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $322,337 home is about $1,721/mo in principal and interest.
Key numbers for South Rockwood, MI
Typical home value
$322,337
+10.7% in 12 months
Zillow, August 2026
Median sale price
$275,000
+17.4% year over year
Redfin, through May 2026
Days on market
7
Fast-moving
Redfin, through May 2026
Active listings
4
4.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$78,063
Home costs 4.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
107.8%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is South Rockwood a buyer's or seller's market?
South Rockwood, MI is a seller's market, based on 4.0 months of supply and homes selling in about 7 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the South Rockwood housing market data show?
Every row below is Redfin's final published month for South Rockwood, MI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $275,000 |
| Median list price | $539,900 |
| Year-over-year price change | +17.4% |
| Median price per sq ft | $186/sq ft |
| Median days on market | 7 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 107.8% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for South Rockwood is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in South Rockwood is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have South Rockwood home prices moved?
Over the last three years the median sale price in South Rockwood, MI rose 78.9%, from $153,750 to $275,000. The live Zillow value series has rose 10.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 107.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in South Rockwood?
Priced off the typical home value of $322,337 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $64,467 | $257,869 | $1,721/mo |
| 5% | $16,117 | $306,220 | $2,043/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,721, that implies roughly $73,749 a year before you add taxes and insurance. The median household in South Rockwood earns $78,063, about $4,314 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.1x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in South Rockwood in the next 12 months?
Tell us your timeline. We send the South Rockwood market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in South Rockwood?
Zillow does not publish a rent index (ZORI) for South Rockwood, MI, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in South Rockwood?
Active listings in South Rockwood, MI went from 2 in May 2024 to 4 in May 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2024 | 2 | 3 |
| July 2024 | 3 | 2 |
| August 2024 | 3 | 2 |
| September 2024 | 4 | 2 |
| October 2024 | 1 | not published |
| December 2024 | 4 | 1 |
| January 2025 | 3 | 1 |
| February 2025 | 3 | 1 |
| April 2025 | 1 | 1 |
| March 2026 | 4 | 2 |
| April 2026 | 3 | 1 |
| May 2026 | 4 | 1 |
Redfin, through May 2026
How does South Rockwood compare to Michigan and the U.S.?
South Rockwood homes sell for $275,000 — 8% below the Michigan median of $297,900. Against the national median of $410,700, South Rockwood runs 33% lower. Year-over-year, South Rockwood moved +17.4% against Michigan's +4.6% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| South Rockwood, MI | $275,000 | +17.4% | 7 days |
| Michigan statewide | $297,900 | +4.6% | 24 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in South Rockwood
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $323 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $322,337 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median South Rockwood listing goes under contract in 7 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 107.8% of asking. Price at the number you want and let competition do the rest.
- In the last published month South Rockwood added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +10.7% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside South Rockwood varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in South Rockwood
There are currently 4 homes listed for sale in South Rockwood, Michigan. The median listing price is $540K.
Active listings
4
Homes on market
Median list price
$540K
Avg. days on market
7
Days until sale
New this week
1
Newly listed
How much do homes cost in South Rockwood by property type?
How the South Rockwood, MI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $275,000 | $186/sq ft | 1 | 7 days |
| Condo / co-op | $315,000 | $210/sq ft | 1 | 10 days |
Who lives in South Rockwood?
American Community Survey estimates for South Rockwood. U.S. Census ACS, 2023
Population
1,891
Households
777
Median income
$78,063/yr
Median age
39.1 years
Owner-occupied
62.4%
Median home value
$217,800
Median gross rent
$1,325/mo
Mean commute
29.1 min
62.4% of occupied homes in South Rockwood are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $217,800 against Zillow's $322,337 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve South Rockwood?
1 schools tracked · 257 students
The largest public schools serving South Rockwood, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Fred W Ritter Elementary School
Grades PK-4 · 257 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near South Rockwood, MI?
Ordered by distance from South Rockwood, not by size. Compare South Rockwood side by side with any of them.
South Rockwood housing market FAQ
Is South Rockwood a buyer's or seller's market?
South Rockwood, MI is currently a seller's market. That read comes from 4.0 months of supply, homes going under contract in about 7 days, and sellers getting 107.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in South Rockwood?
The typical home in South Rockwood, MI is worth $322,337 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $275,000, about $186 per square foot.
Is South Rockwood cheaper than the rest of Michigan?
South Rockwood's median sale price of $275,000 is 8% lower than the Michigan statewide median of $297,900, and 33% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in South Rockwood?
Homes in South Rockwood, MI spent a median of 7 days on market before going under contract, versus 24 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in South Rockwood?
At the current 30-year fixed rate of 7.03%, 20% down on a $322,337 home is about $1,721 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $73,749 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $78,063.
Are home prices rising in South Rockwood?
The typical home value in South Rockwood, MI rose 10.7% over the last 12 months, from $291,245 to $322,337 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in South Rockwood?
South Rockwood ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in South Rockwood?
That depends on your timeline, not on a headline. What the data says today: South Rockwood, MI is a seller's market with 4.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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