Is Rockledge, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockledge is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Rockledge was a Seller's Market.

Key Takeaway

Rockledge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rockledge, FL

How much do homes in Rockledge, FL cost?

Median Sold Price

$380,168

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,619(+3.4%)

Key Takeaway

Homes in Rockledge have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Rockledge was $380,168 in November 2024, up 3.4% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K$135K
+145.5%
2 $231.4K$226.9K
-1.9%
3 $352.5K$366K
+3.8%
4 $420K$395.8K
-5.8%
5+ $492.5K$438.3K
-11.0%

Summary: Rockledge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 145.5%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 11%.

Median Sold Price Compared To Nearby Cities

Rockledge
+3.4%
Merritt Island
+2.0%
Cocoa-Rockledge
+1.5%
Cocoa
0%

Housing Supply in Rockledge, FL

How many homes are available in Rockledge, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
320338+5.6%

Summary: The Rockledge real estate market had 338 homes for sale in November 2024, a 5.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 3230
-6.3%
3 133152
+14.3%
4 122120
-1.6%
5+ 3134
+9.7%

Summary: The Rockledge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 9.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4448+9.1%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 48 homes were sold or pending in Rockledge in November 2024, up by 9.1% month-over-month. Of the 48 sold homes, 50% were sold under asking, 44% were sold at asking, and 6% were sold over asking.

Days on Market for Rockledge, FL

How long does it take to sell a home in Rockledge, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days56 Days+29.7%

Summary: Homes in Rockledge had an average of 56 days on market in Nov 2024, up by 29.7% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 48 homes were sold in Rockledge; 54% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 29% 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 17 Days Ago

Newest Listings in Rockledge, FL

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