Is Rockville, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockville is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Rockville was a Neutral Market.

Key Takeaway

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

Housing Prices in Rockville, VA

How much do homes in Rockville, VA cost?

Median Sold Price

$603,750

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$63,750(+11.8%)

Key Takeaway

Homes in Rockville have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Rockville was $603,750 in February 2024, up 11.8% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$345K
N/A
2 $322K$695K
+115.8%
3 $471.2K$627.5K
+33.2%
4 $615.2K$502K
-18.4%
5+ $787.5K$851.2K
+8.1%

Summary: Rockville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 115.8%, 3 bedroom homes increased by 33.2%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Cities

Montpelier
+27.8%
South Anna
+18.6%
Manakin Sabot
+13.6%
Rockville
+11.8%
Maidens
+6.5%

Housing Supply in Rockville, VA

How many homes are available in Rockville, VA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2620-23.1%

Summary: The Rockville real estate market had 20 homes for sale in February 2024, a 23.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1412
-14.3%
4 52
-60.0%
5+ 54
-20.0%

Summary: The Rockville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockville, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Rockville in February 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Rockville, VA

How long does it take to sell a home in Rockville, VA?

Average Sale Time

Feb 2023Feb 2024CHANGE
15 Days87 Days+470.7%

Summary: Homes in Rockville had an average of 87 days on market in Feb 2024, up by 470.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 4 homes were sold in Rockville; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 27 Days Ago

Newest Listings in Rockville, VA

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