Is Rockingham County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rockingham County has remained a Seller's Market.
Housing Prices in Rockingham County, NC
How much do homes in Rockingham County, NC cost?
Median Sold Price
$198,274
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rockingham County was $198,274 in May 2024, up 4.4% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $73K | +32.7% |
2 Bedrooms | $119.5K | $129K | +7.9% |
3 Bedrooms | $203K | $219K | +7.9% |
4 Bedrooms | $290K | $338.9K | +16.9% |
5+ Bedrooms | $302K | $345K | +14.2% |
Summary: Rockingham County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Counties
Caswell County | $215K | $247.5K | +15.1% |
Rockingham County | $189.9K | $198.2K | +4.4% |
Guilford County | $283.1K | $291.6K | +3.0% |
Stokes County | $264.1K | $269K | +1.9% |
Housing Supply in Rockingham County, NC
How many homes are available in Rockingham County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
308 | 332 | +7.8% |
Summary: The Rockingham County real estate market had 332 homes for sale in May 2024, a 7.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 67 | 71 | +6.0% |
3 Bedrooms | 185 | 199 | +7.6% |
4 Bedrooms | 43 | 46 | +7.0% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Rockingham County 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 increased by 6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 70 | +12.9% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in Rockingham County in May 2024, up by 12.9% month-over-month. Of the 70 sold homes, 50% were sold under asking, 24% were sold at asking, and 26% were sold over asking.
Days on Market for Rockingham County, NC
How long does it take to sell a home in Rockingham County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 42 Days | +18.1% |
Summary: Homes in Rockingham County had an average of 42 days on market in May 2024, up by 18.1% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 70 homes were sold in Rockingham County; 63% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.