Is Rockbridge County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rockbridge County has remained a Seller's Market.
Housing Prices in Rockbridge County, VA
How much do homes in Rockbridge County, VA cost?
Median Sold Price
$187,950
$149/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Rockbridge County was $187,950 in May 2024, down 53.6% from last month, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $149K | - | N/A |
3 Bedrooms | $471K | $249.9K | -46.9% |
4 Bedrooms | $425K | $126K | -70.4% |
5+ Bedrooms | - | - | N/A |
Summary: Rockbridge County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 46.9%, 4 bedroom homes decreased by 70.4%, and 5+ bedroom homes did not change.
Housing Supply in Rockbridge County, VA
How many homes are available in Rockbridge County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Summary: The Rockbridge County real estate market had 16 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Rockbridge 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 decreased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Rockbridge County in May 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% were sold over asking.
Days on Market for Rockbridge County, VA
How long does it take to sell a home in Rockbridge County, VA?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 Days | 2 Days | -97.3% |
Summary: Homes in Rockbridge County had an average of 2 days on market in May 2024, down by 97.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Rockbridge County; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.