Is Rockingham County, NC 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, Rockingham County has remained a Seller's Market.
Housing Prices in Rockingham County, NC
How much do homes in Rockingham County, NC cost?
Median Sold Price
$205,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Rockingham County was $205,000 in June 2024, up 8.5% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $73K | +32.7% |
2 Bedrooms | $119.5K | $134K | +12.1% |
3 Bedrooms | $201.6K | $223.5K | +10.9% |
4 Bedrooms | $292K | $345K | +18.2% |
5+ Bedrooms | $280K | $357K | +27.5% |
Summary: Rockingham County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 27.5%.
Median Sold Price Compared To Nearby Counties
Caswell County | $224.2K | $250K | +11.5% |
Rockingham County | $189K | $205K | +8.5% |
Stokes County | $263.7K | $270.9K | +2.7% |
Guilford County | $284.3K | $290.9K | +2.3% |
Housing Supply in Rockingham County, NC
How many homes are available in Rockingham County, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
335 | 332 | -0.9% |
Summary: The Rockingham County real estate market had 332 homes for sale in June 2024, a 0.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 73 | 69 | -5.5% |
3 Bedrooms | 200 | 200 | 0.0% |
4 Bedrooms | 45 | 47 | +4.4% |
5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Rockingham County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
76 | 62 | -18.4% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Rockingham County in June 2024, down by 18.4% month-over-month. Of the 62 sold homes, 61% were sold under asking, 11% were sold at asking, and 27% were sold over asking.
Days on Market for Rockingham County, NC
How long does it take to sell a home in Rockingham County, NC?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
28 Days | 42 Days | +50.3% |
Summary: Homes in Rockingham County had an average of 42 days on market in Jun 2024, up by 50.3% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During June 2024, 62 homes were sold in Rockingham County; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.