$1,663 Closing Credit*
$140,000
870 SqFt
1 Bed
•1 Full Bath
Cindy L Lancaster, Listing Office: Metropol Realty
Is Rockville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, MD
How much do homes in Rockville, MD cost?
Median Sold Price
$628,999
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,769(+4.3%)
Key Takeaway
Homes in Rockville have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Rockville was $628,999 in November 2024, up 4.3% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $265K | +6.0% |
| 2 Bedrooms | $410K | $423.9K | +3.4% |
| 3 Bedrooms | $599K | $635K | +6.0% |
| 4 Bedrooms | $772K | $760K | -1.6% |
| 5+ Bedrooms | $873.3K | $924.5K | +5.9% |
Summary: Rockville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Gaithersburg | $515.6K | $539K | +4.5% |
| Rockville | $603.2K | $628.9K | +4.3% |
Housing Supply in Rockville, MD
How many homes are available in Rockville, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 353 | 329 | -6.8% |
Summary: The Rockville real estate market had 329 homes for sale in November 2024, a 6.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 39 | +18.2% |
| 2 Bedrooms | 72 | 70 | -2.8% |
| 3 Bedrooms | 109 | 93 | -14.7% |
| 4 Bedrooms | 88 | 82 | -6.8% |
| 5+ Bedrooms | 51 | 45 | -11.8% |
Summary: The Rockville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 132 | 97 | -26.5% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockville, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 97 homes were sold or pending in Rockville in November 2024, down by 26.5% month-over-month. Of the 97 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% were sold over asking.
Days on Market for Rockville, MD
How long does it take to sell a home in Rockville, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 19 Days | 0.1% |
Summary: Homes in Rockville had an average of 19 days on market in Nov 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
78 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rockville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 97 homes were sold in Rockville; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
