Is Rockingham, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockingham is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Rockingham, NC

How much do homes in Rockingham, NC cost?

Median Sold Price

$181,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$3,000(+1.7%)

Key Takeaway

Homes in Rockingham have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Rockingham was $181,000 in December 2024, up 1.7% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $50K$53K
+6.0%
2 $106.7K$110K
+3.0%
3 $197K$195K
-1.0%
4 $347.4K$265K
-23.7%
5+ $285K$497.1K
+74.4%

Summary: Rockingham housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 23.7%, and 5+ bedroom homes increased by 74.4%.

Median Sold Price Compared To Nearby Cities

Wolf Pit Township
+9.3%
Marks Creek Township
+8.2%
Rockingham Township
+2.5%
Rockingham
+1.7%

Housing Supply in Rockingham, NC

How many homes are available in Rockingham, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7469-6.8%

Summary: The Rockingham real estate market had 69 homes for sale in December 2024, a 6.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 1313
0.0%
3 4239
-7.1%
4 1110
-9.1%
5+ 65
-16.7%

Summary: The Rockingham housing inventory by bedroom type for December 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 7.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1416+14.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockingham, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Rockingham in December 2024, up by 14.3% month-over-month. Of the 16 sold homes, 75% were sold under asking, 19% were sold at asking, and 6% were sold over asking.

Days on Market for Rockingham, NC

How long does it take to sell a home in Rockingham, NC?

Average Sale Time

Dec 2023Dec 2024CHANGE
60 Days68 Days+12.7%

Summary: Homes in Rockingham had an average of 68 days on market in Dec 2024, up by 12.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rockingham has remained consistent over time.

Summary: During December 2024, 16 homes were sold in Rockingham; 38% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 19% 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 4 Days Ago

Newest Listings in Rockingham, NC

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