Is Rockingham County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rockingham County has remained a Buyer's Market.
Key Takeaway
Rockingham County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rockingham County, VA
How much do homes in Rockingham County, VA cost?
Median Sold Price
$360,990
$228/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Rockingham County have sold for 8.4% more than they did a month ago.
Summary: The median home sold price in Rockingham County was $360,990 in March 2024, up 8.4% from last month, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $75K | - | N/A |
| 3 Bedrooms | $337.5K | $325.3K | -3.6% |
| 4 Bedrooms | $347.7K | $370.7K | +6.6% |
| 5+ Bedrooms | - | $650K | N/A |
Summary: Rockingham County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes did not change.
Housing Supply in Rockingham County, VA
How many homes are available in Rockingham County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 81 | 87 | +7.4% |
Summary: The Rockingham County real estate market had 87 homes for sale in March 2024, a 7.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 40 | 40 | 0.0% |
| 4 Bedrooms | 27 | 32 | +18.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Rockingham County 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 remained the same, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockingham County, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Rockingham County in March 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Rockingham County, VA
How long does it take to sell a home in Rockingham County, VA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 50 Days | -8.9% |
Summary: Homes in Rockingham County had an average of 50 days on market in Mar 2024, down by 8.9% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rockingham County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Rockingham County; 56% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.