Is Rockville, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockville is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, MN

How much do homes in Rockville, MN cost?

Median Sold Price

$793,500

$252/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$501,100(+171.4%)

Key Takeaway

Homes in Rockville have sold for 171.4% more than they did a month ago.

Summary: The median home sold price in Rockville was $793,500 in November 2024, up 171.4% from last month, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $292.4K$537K
+83.7%
4 --
N/A
5+ -$1.0M
N/A

Summary: Rockville housing prices by bedroom type for November 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 increased by 83.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Rockville
+171.4%
Saint Augusta
-3.9%

Housing Supply in Rockville, MN

How many homes are available in Rockville, MN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
440.0%

Summary: The Rockville real estate market had 4 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 01
+100.0%
5+ 11
0.0%

Summary: The Rockville 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Rockville in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Rockville, MN

How long does it take to sell a home in Rockville, MN?

Average Sale Time

Oct 2024Nov 2024CHANGE
47 Days131 Days+178.7%

Summary: Homes in Rockville had an average of 131 days on market in Nov 2024, up by 178.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Rockville; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 2 Days Ago

Newest Listings in Rockville, MN

Nearby Markets to Rockville, MN

What housing markets are near Rockville, MN?