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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockingham is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Rockingham was a Buyer's Market.

Key Takeaway

Rockingham is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Rockingham, NC

How much do homes in Rockingham, NC cost?

Median Sold Price

$182,900

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,400(+3.6%)

Key Takeaway

Homes in Rockingham have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Rockingham was $182,900 in November 2024, up 3.6% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $50K$36K
-28.0%
2 $105.5K$115.4K
+9.4%
3 $198.5K$195K
-1.8%
4 $349.9K$284.9K
-18.6%
5+ $302.5K$497.1K
+64.3%

Summary: Rockingham housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes increased by 64.3%.

Median Sold Price Compared To Nearby Cities

Wolf Pit Township
+13.5%
Rockingham Township
+4.1%
Rockingham
+3.6%

Housing Supply in Rockingham, NC

How many homes are available in Rockingham, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8275-8.5%

Summary: The Rockingham real estate market had 75 homes for sale in November 2024, a 8.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1312
-7.7%
3 5042
-16.0%
4 1112
+9.1%
5+ 56
+20.0%

Summary: The Rockingham 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 7.7%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2011-45.0%

Asking Price vs. Sold Price

7 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. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Rockingham in November 2024, down by 45.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% 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

Nov 2023Nov 2024CHANGE
33 Days51 Days+52.2%

Summary: Homes in Rockingham had an average of 51 days on market in Nov 2024, up by 52.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 11 homes were sold in Rockingham; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% 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 Rockingham, NC

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