Is Rocky Mount, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rocky Mount is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Rocky Mount was a Seller's Market.

Key Takeaway

Rocky Mount 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 Rocky Mount, NC

How much do homes in Rocky Mount, NC cost?

Median Sold Price

$209,741

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$241(+0.1%)

Key Takeaway

The sold price of homes in Rocky Mount has remained the same since last year.

Summary: The median home sold price in Rocky Mount was $209,741 in November 2024, up 0.1% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $26.4K$36.9K
+39.5%
2 $91K$120K
+31.9%
3 $199.8K$210K
+5.1%
4 $312.5K$276.9K
-11.4%
5+ $298.2K$345K
+15.7%

Summary: Rocky Mount housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.5%, 2 bedroom homes increased by 31.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 15.7%.

Median Sold Price Compared To Nearby Cities

Stony Creek Township
+5.7%
Rocky Mount Township
+1.1%
Rocky Mount
0.1%
Oak Level Township
-4.3%
Dortches
-11.3%

Housing Supply in Rocky Mount, NC

How many homes are available in Rocky Mount, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
337331-1.8%

Summary: The Rocky Mount real estate market had 331 homes for sale in November 2024, a 1.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 3542
+20.0%
3 209192
-8.1%
4 8185
+4.9%
5+ 1110
-9.1%

Summary: The Rocky Mount housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6151-16.4%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rocky Mount, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Rocky Mount in November 2024, down by 16.4% month-over-month. Of the 51 sold homes, 59% were sold under asking, 22% were sold at asking, and 20% were sold over asking.

Days on Market for Rocky Mount, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days39 Days-10.2%

Summary: Homes in Rocky Mount had an average of 39 days on market in Nov 2024, down by 10.2% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 51 homes were sold in Rocky Mount; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% 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 17 Days Ago

Newest Listings in Rocky Mount, NC

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