Is Rocky Mount, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Rocky Mount has remained a Seller's Market.
Housing Prices in Rocky Mount, NC
How much do homes in Rocky Mount, NC cost?
Median Sold Price
$206,914
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rocky Mount was $206,914 in March 2024, down 0.7% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $23.9K | $48.4K | +102.1% |
2 Bedrooms | $107K | $101.5K | -5.1% |
3 Bedrooms | $197.9K | $201.6K | +1.9% |
4 Bedrooms | $290.7K | $294.5K | +1.3% |
5+ Bedrooms | $330K | $310K | -6.1% |
Summary: Rocky Mount housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 102.1%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Cities
Stony Creek Township | $225K | $249K | +10.7% |
Rocky Mount | $208.4K | $206.9K | -0.7% |
Oak Level Township | $280.8K | $276K | -1.7% |
Rocky Mount Township | $225K | $210K | -6.7% |
Housing Supply in Rocky Mount, NC
How many homes are available in Rocky Mount, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
289 | 291 | +0.7% |
Summary: The Rocky Mount real estate market had 291 homes for sale in March 2024, a 0.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 53 | 52 | -1.9% |
3 Bedrooms | 160 | 156 | -2.5% |
4 Bedrooms | 57 | 68 | +19.3% |
5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The Rocky Mount housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 57 | +14.0% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Rocky Mount in March 2024, up by 14.0% month-over-month. Of the 57 sold homes, 67% were sold under asking, 25% were sold at asking, and 9% were sold over asking.
Days on Market for Rocky Mount, NC
How long does it take to sell a home in Rocky Mount, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 66 Days | +6.9% |
Summary: Homes in Rocky Mount had an average of 66 days on market in Mar 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 57 homes were sold in Rocky Mount; 39% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.