$6,116 Closing Credit*
$515,000
3 Beds
•2 Full Baths
Christie L. Jones, Listing Office: RE/MAX Gateway
Is Rockingham County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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, VA
How much do homes in Rockingham County, VA cost?
Median Sold Price
$322,500
$204/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$87,500(-21.3%)
Key Takeaway
Homes in Rockingham County have sold for 21.3% less than they did a month ago.
Summary: The median home sold price in Rockingham County was $322,500 in November 2024, down 21.3% from last month, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $209K | $163.5K | -21.8% |
| 3 Bedrooms | $358K | $300K | -16.2% |
| 4 Bedrooms | $466K | $350K | -24.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Rockingham County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.8%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes decreased by 24.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Pendleton County | $298K | $395K | +32.6% |
| Rockingham County | $410K | $322.5K | -21.3% |
Housing Supply in Rockingham County, VA
How many homes are available in Rockingham County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 59 | -1.7% |
Summary: The Rockingham County real estate market had 59 homes for sale in November 2024, a 1.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 33 | 31 | -6.1% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Rockingham County 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 20%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockingham County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Rockingham County in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Rockingham County, VA
How long does it take to sell a home in Rockingham County, VA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 19 Days | -60.7% |
Summary: Homes in Rockingham County had an average of 19 days on market in Nov 2024, down by 60.7% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rockingham County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Rockingham County; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. 
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
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