Is Rocky Mount, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rocky Mount is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Rocky Mount has remained a Seller's Market.

Key Takeaway

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

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

-$1,485(-0.7%)

Key Takeaway

Homes in Rocky Mount have sold for 0.7% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $23.9K$48.4K
+102.1%
2 $107K$101.5K
-5.1%
3 $197.9K$201.6K
+1.9%
4 $290.7K$294.5K
+1.3%
5+ $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
+10.7%
Rocky Mount
-0.7%
Oak Level Township
-1.7%
Rocky Mount Township
-6.7%

Housing Supply in Rocky Mount, NC

How many homes are available in Rocky Mount, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
289291+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

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 5352
-1.9%
3 160156
-2.5%
4 5768
+19.3%
5+ 1613
-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 2024Mar 2024CHANGE
5057+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rocky Mount, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
62 Days66 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 18 Days Ago

Newest Listings in Rocky Mount, NC

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