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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockingham Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Rockingham Township has remained a Seller's Market.

Key Takeaway

Rockingham Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rockingham Township, NC

How much do homes in Rockingham Township, NC cost?

Median Sold Price

$178,868

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$11,868(+7.1%)

Key Takeaway

Homes in Rockingham Township have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Rockingham Township was $178,868 in March 2024, up 7.1% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $101.9K$50K
-51.0%
2 $115K$90K
-21.7%
3 $174K$184K
+5.7%
4 $282K$347.4K
+23.2%
5+ $285K$494.2K
+73.4%

Summary: Rockingham Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51%, 2 bedroom homes decreased by 21.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes increased by 73.4%.

Median Sold Price Compared To Nearby Cities

Hamlet
+21.6%
Rockingham
+10.8%
Rockingham Township
+7.1%
Wolf Pit Township
0.0%

Housing Supply in Rockingham Township, NC

How many homes are available in Rockingham Township, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6572+10.8%

Summary: The Rockingham Township real estate market had 72 homes for sale in March 2024, a 10.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1313
0.0%
3 3846
+21.1%
4 78
+14.3%
5+ 64
-33.3%

Summary: The Rockingham Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1115+36.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockingham Township, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Rockingham Township in March 2024, up by 36.4% month-over-month. Of the 15 sold homes, 53% were sold under asking, 0% were sold at asking, and 47% were sold over asking.

Days on Market for Rockingham Township, NC

How long does it take to sell a home in Rockingham Township, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
31 Days58 Days+84.4%

Summary: Homes in Rockingham Township had an average of 58 days on market in Mar 2024, up by 84.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rockingham Township has remained consistent over time.

Summary: During March 2024, 15 homes were sold in Rockingham Township; 33% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 27% 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 17 Days Ago

Newest Listings in Rockingham Township, NC

Nearby Markets to Rockingham Township, NC

What housing markets are near Rockingham Township, NC?