Is Rockville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Rockville has remained a Seller's Market.
Key Takeaway
Rockville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockville, MD
How much do homes in Rockville, MD cost?
Median Sold Price
$605,683
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Rockville have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Rockville was $605,683 in June 2024, down 1.9% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $241K | $272.5K | +13.1% |
| 2 Bedrooms | $413.5K | $410K | -0.8% |
| 3 Bedrooms | $598K | $603.1K | +0.9% |
| 4 Bedrooms | $733.2K | $781.6K | +6.6% |
| 5+ Bedrooms | $881K | $840K | -4.7% |
Summary: Rockville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Gaithersburg | $500K | $527K | +5.4% |
| Rockville | $617.2K | $605.6K | -1.9% |
Housing Supply in Rockville, MD
How many homes are available in Rockville, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 374 | 376 | +0.5% |
Summary: The Rockville real estate market had 376 homes for sale in June 2024, a 0.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 32 | +3.2% |
| 2 Bedrooms | 78 | 76 | -2.6% |
| 3 Bedrooms | 96 | 94 | -2.1% |
| 4 Bedrooms | 103 | 107 | +3.9% |
| 5+ Bedrooms | 66 | 67 | +1.5% |
Summary: The Rockville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 1.5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 145 | 116 | -20.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockville, you could pay more than the asking price. 51.7% of homes here sold above asking price last month.
Summary: A total of 116 homes were sold or pending in Rockville in June 2024, down by 20.0% month-over-month. Of the 116 sold homes, 26% were sold under asking, 22% were sold at asking, and 52% were sold over asking.
Days on Market for Rockville, MD
How long does it take to sell a home in Rockville, MD?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 12 Days | 10 Days | -14.5% |
Summary: Homes in Rockville had an average of 10 days on market in Jun 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rockville are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 116 homes were sold in Rockville; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
