Is Rocky Mount, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Rocky Mount was a Seller's Market.
Key Takeaway
Rocky Mount is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Rocky Mount, VA
How much do homes in Rocky Mount, VA cost?
Median Sold Price
$236,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rocky Mount have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Rocky Mount was $236,000 in March 2024, up 3.5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $152.5K | $148.5K | -2.6% |
| 3 Bedrooms | $222K | $241.7K | +8.9% |
| 4 Bedrooms | $279.5K | $270K | -3.4% |
| 5+ Bedrooms | $338.9K | $417.5K | +23.2% |
Summary: Rocky Mount housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 23.2%.
Median Sold Price Compared To Nearby Cities
| Blackwater | $292.5K | $343.4K | +17.4% |
| Rocky Mount | $228K | $236K | +3.5% |
| Union Hall | $595K | $604K | +1.5% |
Housing Supply in Rocky Mount, VA
How many homes are available in Rocky Mount, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 72 | +33.3% |
Summary: The Rocky Mount real estate market had 72 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 30 | 41 | +36.7% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Rocky Mount housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 36.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rocky Mount, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Rocky Mount in March 2024, up by 33.3% month-over-month. Of the 12 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Rocky Mount, VA
We’re sorry, we don't have information for this market at the moment
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