Is Rockville, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Rockville was a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $345K | N/A |
2 Bedrooms | $322K | $695K | +115.8% |
3 Bedrooms | $471.2K | $627.5K | +33.2% |
4 Bedrooms | $615.2K | $502K | -18.4% |
5+ Bedrooms | $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 | $410K | $524K | +27.8% |
South Anna | $428.5K | $508.1K | +18.6% |
Manakin Sabot | $695.9K | $790.7K | +13.6% |
Rockville | $540K | $603.7K | +11.8% |
Maidens | $475K | $506K | +6.5% |
Housing Supply in Rockville, VA
How many homes are available in Rockville, VA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
26 | 20 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 14 | 12 | -14.3% |
4 Bedrooms | 5 | 2 | -60.0% |
5+ Bedrooms | 5 | 4 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 4 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
15 Days | 87 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
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.