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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rocky Mount Township is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Rocky Mount Township 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 Township, NC

How much do homes in Rocky Mount Township, NC cost?

Median Sold Price

$213,126

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,263(+1.1%)

Key Takeaway

Homes in Rocky Mount Township have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Rocky Mount Township was $213,126 in November 2024, up 1.1% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $26.4K$36.9K
+39.5%
2 $92K$120.7K
+31.3%
3 $203.3K$213.5K
+5.0%
4 $315K$279.9K
-11.1%
5+ $298.2K$345K
+15.7%

Summary: Rocky Mount Township 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 31.3%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 11.1%, 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%
Sharpsburg
-27.6%

Housing Supply in Rocky Mount Township, NC

How many homes are available in Rocky Mount Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
331326-1.5%

Summary: The Rocky Mount Township real estate market had 326 homes for sale in November 2024, a 1.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 3442
+23.5%
3 208191
-8.2%
4 8084
+5.0%
5+ 98
-11.1%

Summary: The Rocky Mount Township 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 23.5%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6050-16.7%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rocky Mount Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in Rocky Mount Township in November 2024, down by 16.7% month-over-month. Of the 50 sold homes, 60% were sold under asking, 22% were sold at asking, and 18% were sold over asking.

Days on Market for Rocky Mount Township, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days39 Days-11.8%

Summary: Homes in Rocky Mount Township had an average of 39 days on market in Nov 2024, down by 11.8% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

13 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 50 homes were sold in Rocky Mount Township; 60% of homes were sold within 30 days, 26% 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 Township, NC

Nearby Markets to Rocky Mount Township, NC

What housing markets are near Rocky Mount Township, NC?