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 March 2023

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.

Housing Prices in Rockingham County, NC

How much do homes in Rockingham County, NC cost?

Median Sold Price

$193,470

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$8,515(+4.6%)

Key Takeaway

Homes in Rockingham County have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Rockingham County was $193,470 in March 2024, up 4.6% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $55K$76.5K
+39.1%
2 $119.5K$125K
+4.6%
3 $198K$216K
+9.1%
4 $251.5K$285K
+13.3%
5+ $302K$325K
+7.6%

Summary: Rockingham County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.1%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 7.6%.

Median Sold Price Compared To Nearby Counties

Caswell County
+21.9%
Guilford County
+5.2%
Rockingham County
+4.6%
Stokes County
-0.1%
Henry County
-20.8%

Housing Supply in Rockingham County, NC

How many homes are available in Rockingham County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
282314+11.3%

Summary: The Rockingham County real estate market had 314 homes for sale in March 2024, a 11.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 810
+25.0%
2 7273
+1.4%
3 170196
+15.3%
4 2530
+20.0%
5+ 75
-28.6%

Summary: The Rockingham County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
5278+50.0%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

18 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. 50% of homes here sold below asking price last month.

Summary: A total of 78 homes were sold or pending in Rockingham County in March 2024, up by 50.0% month-over-month. Of the 78 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% 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

Mar 2023Mar 2024CHANGE
45 Days50 Days+9.3%

Summary: Homes in Rockingham County had an average of 50 days on market in Mar 2024, up by 9.3% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

14 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.

Summary: During March 2024, 78 homes were sold in Rockingham County; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

Newest Listings in Rockingham County, NC

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What housing markets are near Rockingham County, NC?