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 seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Rocky Mount Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Rocky Mount Township, NC

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

Median Sold Price

$209,998

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,801(-1.3%)

Key Takeaway

Homes in Rocky Mount Township have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Rocky Mount Township was $209,998 in October 2024, down 1.3% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $26.4K$36.9K
+39.5%
2 $92K$120K
+30.4%
3 $208.4K$210K
+0.8%
4 $310K$282K
-9.0%
5+ $301K$325K
+8.0%

Summary: Rocky Mount Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.5%, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Cities

Stony Creek Township
+3.0%
Rocky Mount
-1.1%
Rocky Mount Township
-1.3%
Oak Level Township
-7.7%

Housing Supply in Rocky Mount Township, NC

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
301330+9.6%

Summary: The Rocky Mount Township real estate market had 330 homes for sale in October 2024, a 9.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 20
-100.0%
2 3335
+6.1%
3 183209
+14.2%
4 7477
+4.1%
5+ 99
0.0%

Summary: The Rocky Mount Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4858+20.8%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

12 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. 53.4% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in Rocky Mount Township in October 2024, up by 20.8% month-over-month. Of the 58 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% 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

Oct 2023Oct 2024CHANGE
60 Days43 Days-28.2%

Summary: Homes in Rocky Mount Township had an average of 43 days on market in Oct 2024, down by 28.2% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

11 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 October 2024, 58 homes were sold in Rocky Mount Township; 62% of homes were sold within 30 days, 19% 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 17 Days Ago

Newest Listings in Rocky Mount Township, NC

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