Is Rockville, VA 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, Rockville has remained a Seller's Market.
Key Takeaway
Rockville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockville, VA
How much do homes in Rockville, VA cost?
Median Sold Price
$624,900
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rockville have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Rockville was $624,900 in May 2024, up 15.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $345K | N/A |
| 2 Bedrooms | $281K | $1.1M | +309.3% |
| 3 Bedrooms | $498.7K | $624.9K | +25.3% |
| 4 Bedrooms | $657K | $506.7K | -22.9% |
| 5+ Bedrooms | $1.0M | $850.6K | -22.3% |
Summary: Rockville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 309.3%, 3 bedroom homes increased by 25.3%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes decreased by 22.3%.
Median Sold Price Compared To Nearby Cities
| Maidens | $439.9K | $518.2K | +17.8% |
| Rockville | $542.5K | $624.9K | +15.2% |
| Montpelier | $418K | $480K | +14.8% |
| South Anna | $457.6K | $505.2K | +10.4% |
| Manakin Sabot | $740.2K | $800.2K | +8.1% |
Housing Supply in Rockville, VA
How many homes are available in Rockville, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Summary: The Rockville real estate market had 24 homes for sale in May 2024, a 41.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Rockville 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 100%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockville, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Rockville in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Rockville, VA
How long does it take to sell a home in Rockville, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 36 Days | +218.7% |
Summary: Homes in Rockville had an average of 36 days on market in May 2024, up by 218.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rockville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Rockville; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved