Is Rockingham County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockingham County is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, 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.

How much do homes in Rockingham County, NC cost?

Median Sold Price

$179,985

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$19,515(+12.2%)

Key Takeaway

Homes in Rockingham County have sold for 12.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $57K$55K
-3.5%
2 $85K$115.9K
+36.4%
3 $169.1K$195.4K
+15.5%
4 $230K$238.7K
+3.8%
5+ $261.9K$267.5K
+2.1%

Median Sold Price Compared To Nearby Counties

Guilford County
+15.0%
Stokes County
+13.7%
Rockingham County
+12.2%
Caswell County
-0.5%

How many homes are available in Rockingham County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
303299-1.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 54
-20.0%
2 7373
0.0%
3 177170
-4.0%
4 4445
+2.3%
5+ 47
+75.0%

Number of Homes Sold

Oct 2022Nov 2022%
6675+13.6%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockingham County, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
20 Days20 Days-1.7%

Breakdown of Home Sale Times

57 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rockingham County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Rockingham County, NC

There are 299 homes are for sale in Rockingham County, NC real estate market. The inventory of homes for sale in Rockingham County, NC between October 2022 and November 2022 decreased by 1.3%. Listings spent 20 days on the market in November 2022, and had a median list price of $179,985 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 3.5% more cheaper, 2 bedrooms properties prices increased by 36.4%, prices of 3 bedrooms properties increased by 15.5%, 4 bedrooms properties became 3.8% more expensive, prices of 5 bedrooms properties went up by 2.1%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went down by 20%, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 4%, the quantity of 4 bedrooms homes went up by 2.3%, 5 bedrooms homes became 75% more available. Rockingham County, NC housing market in November 2022 saw over 28 listings sold above listed price, more than 17 sold at listed price and over 30 sold below.

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