Is Vernon Rockville, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vernon Rockville is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Vernon Rockville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Vernon Rockville, CT

How much do homes in Vernon Rockville, CT cost?

Median Sold Price

$295,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,000(+10.1%)

Key Takeaway

Homes in Vernon Rockville have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Vernon Rockville was $295,000 in October 2024, up 10.1% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $99.5K$132.5K
+33.2%
2 $179.2K$212.5K
+18.5%
3 $287.5K$322.5K
+12.2%
4 $335.7K$360K
+7.2%
5+ $317K$358.5K
+13.1%

Summary: Vernon Rockville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.2%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 13.1%.

Median Sold Price Compared To Nearby Cities

Bolton
+13.8%
South Windsor
+13.3%
Manchester
+12.7%
Vernon
+10.9%
Vernon Rockville
+10.1%

Housing Supply in Vernon Rockville, CT

How many homes are available in Vernon Rockville, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6873+7.4%

Summary: The Vernon Rockville real estate market had 73 homes for sale in October 2024, a 7.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 24
+100.0%
2 1917
-10.5%
3 2527
+8.0%
4 1315
+15.4%
5+ 910
+11.1%

Summary: The Vernon Rockville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2123+9.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vernon Rockville, you could pay more than the asking price. 82.6% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in Vernon Rockville in October 2024, up by 9.5% month-over-month. Of the 23 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.

Days on Market for Vernon Rockville, CT

We’re sorry, we don't have information for this market at the moment

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

Report Updated 4 Days Ago

Newest Listings in Vernon Rockville, CT

Nearby Markets to Vernon Rockville, CT

What housing markets are near Vernon Rockville, CT?