$100,000
0.13 Acres
Land
Nora Yakubova, Listing Office: James River Realty Group LLC
Is Rocky Mount, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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, VA
How much do homes in Rocky Mount, VA cost?
Median Sold Price
$271,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,050(+17.9%)
Key Takeaway
Homes in Rocky Mount have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in Rocky Mount was $271,000 in November 2024, up 17.9% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $31.1K | N/A |
| 2 Bedrooms | $139.2K | $170K | +22.1% |
| 3 Bedrooms | $228.5K | $270K | +18.2% |
| 4 Bedrooms | $308.5K | $343K | +11.2% |
| 5+ Bedrooms | $385K | $355K | -7.8% |
Summary: Rocky Mount housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Cities
| Union Hall | $650K | $850K | +30.8% |
| Rocky Mount | $229.9K | $271K | +17.9% |
| Blackwater | $333.6K | $330K | -1.1% |
Housing Supply in Rocky Mount, VA
How many homes are available in Rocky Mount, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 67 | +11.7% |
Summary: The Rocky Mount real estate market had 67 homes for sale in November 2024, a 11.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 39 | 36 | -7.7% |
| 4 Bedrooms | 12 | 18 | +50.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Rocky Mount 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 increased by 33.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rocky Mount, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Rocky Mount in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 45% were sold under asking, 45% were sold at asking, and 9% were sold over asking.
Days on Market for Rocky Mount, VA
How long does it take to sell a home in Rocky Mount, VA?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rocky Mount are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Rocky Mount; 9% of homes were sold within 30 days, 0% 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. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.