Is Rockwell, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockwell is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Rockwell was a Seller's Market.

Key Takeaway

Rockwell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rockwell, NC

How much do homes in Rockwell, NC cost?

Median Sold Price

$282,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$17,900(-6.0%)

Key Takeaway

Homes in Rockwell have sold for 6% less than they did a year ago.

Summary: The median home sold price in Rockwell was $282,000 in May 2024, down 6% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $134K$211.5K
+57.8%
2 $195K$212.5K
+9.0%
3 $282K$280K
-0.7%
4 $300K$487.5K
+62.5%
5+ $365K$365K
0.0%

Summary: Rockwell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.8%, 2 bedroom homes increased by 9%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Providence Township
+13.8%
Rockwell
-6.0%
Gold Hill Township
-10.8%

Housing Supply in Rockwell, NC

How many homes are available in Rockwell, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3032+6.7%

Summary: The Rockwell real estate market had 32 homes for sale in May 2024, a 6.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 66
0.0%
3 1416
+14.3%
4 54
-20.0%
5+ 45
+25.0%

Summary: The Rockwell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockwell, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Rockwell in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Rockwell, NC

How long does it take to sell a home in Rockwell, NC?

Average Sale Time

May 2023May 2024CHANGE
10 Days41 Days+309.9%

Summary: Homes in Rockwell had an average of 41 days on market in May 2024, up by 309.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rockwell has remained consistent over time.

Summary: During May 2024, 4 homes were sold in Rockwell; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

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