Is Rockingham County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockingham County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Rockingham County has remained a Seller's Market.

Key Takeaway

Rockingham County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$8,317(+4.4%)

Key Takeaway

Homes in Rockingham County have sold for 4.4% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $55K$73K
+32.7%
2 $119.5K$129K
+7.9%
3 $203K$219K
+7.9%
4 $290K$338.9K
+16.9%
5+ $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
+15.1%
Rockingham County
+4.4%
Guilford County
+3.0%
Stokes County
+1.9%

Housing Supply in Rockingham County, NC

How many homes are available in Rockingham County, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
308332+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

# BEDSApr 2024May 2024CHANGE
1 44
0.0%
2 6771
+6.0%
3 185199
+7.6%
4 4346
+7.0%
5+ 912
+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 2024May 2024CHANGE
6270+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

Asking vs Sold - buyer

Key Takeaway

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

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 2023May 2024CHANGE
35 Days42 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rockingham County are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 1 Day Ago

Newest Listings in Rockingham County, NC

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