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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockingham County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Rockingham County, NC

How much do homes in Rockingham County, NC cost?

Median Sold Price

$212,613

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,663(+13.1%)

Key Takeaway

Homes in Rockingham County have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Rockingham County was $212,613 in October 2024, up 13.1% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $70K$60K
-14.3%
2 $119.2K$134.5K
+12.8%
3 $202.2K$229.9K
+13.7%
4 $303.4K$345K
+13.7%
5+ $288.5K$365K
+26.5%

Summary: Rockingham County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 26.5%.

Median Sold Price Compared To Nearby Counties

Rockingham County
+13.1%
Stokes County
+9.9%
Guilford County
+3.7%
Caswell County
-8.8%

Housing Supply in Rockingham County, NC

How many homes are available in Rockingham County, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
322368+14.3%

Summary: The Rockingham County real estate market had 368 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 811
+37.5%
2 6884
+23.5%
3 192214
+11.5%
4 4750
+6.4%
5+ 79
+28.6%

Summary: The Rockingham County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5867+15.5%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockingham County, you may be able to get a good deal. 64.2% of homes here sold below asking price last month.

Summary: A total of 67 homes were sold or pending in Rockingham County in October 2024, up by 15.5% month-over-month. Of the 67 sold homes, 64% were sold under asking, 19% were sold at asking, and 16% were sold over asking.

Days on Market for Rockingham County, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days43 Days+65.2%

Summary: Homes in Rockingham County had an average of 43 days on market in Oct 2024, up by 65.2% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 67 homes were sold in Rockingham County; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% 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 20 Days Ago

Newest Listings in Rockingham County, NC

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