Is Rockwood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Rockwood has remained a Seller's Market.
Key Takeaway
Rockwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockwood, WA
How much do homes in Rockwood, WA cost?
Median Sold Price
$650,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Rockwood has remained the same since last year.
Summary: The median home sold price in Rockwood was $650,000 in March 2024, up 0.5% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $473.5K | $520K | +9.8% |
| 3 Bedrooms | $579K | $585K | +1.0% |
| 4 Bedrooms | $680K | $867K | +27.5% |
| 5+ Bedrooms | $775K | $745K | -3.9% |
Summary: Rockwood 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 increased by 9.8%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in Rockwood, WA
How many homes are available in Rockwood, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 32 | +28.0% |
Summary: The Rockwood real estate market had 32 homes for sale in March 2024, a 28.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Rockwood 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 remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rockwood, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Rockwood in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Rockwood, WA
How long does it take to sell a home in Rockwood, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 50 Days | +73.5% |
Summary: Homes in Rockwood had an average of 50 days on market in Mar 2024, up by 73.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rockwood are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Rockwood; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.