Is Rockville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rockville has remained a Seller's Market.
Housing Prices in Rockville, MD
How much do homes in Rockville, MD cost?
Median Sold Price
$600,379
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rockville was $600,379 in April 2024, down 2.6% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $242K | $265K | +9.5% |
2 Bedrooms | $405K | $411.6K | +1.6% |
3 Bedrooms | $589K | $599.6K | +1.8% |
4 Bedrooms | $725K | $773.7K | +6.7% |
5+ Bedrooms | $886K | $839.5K | -5.2% |
Summary: Rockville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
Gaithersburg | $472.5K | $525.2K | +11.2% |
Rockville | $616.5K | $600.3K | -2.6% |
Housing Supply in Rockville, MD
How many homes are available in Rockville, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
293 | 347 | +18.4% |
Summary: The Rockville real estate market had 347 homes for sale in April 2024, a 18.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 32 | +14.3% |
2 Bedrooms | 53 | 65 | +22.6% |
3 Bedrooms | 78 | 91 | +16.7% |
4 Bedrooms | 89 | 105 | +18.0% |
5+ Bedrooms | 45 | 54 | +20.0% |
Summary: The Rockville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 113 | +0.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
75 Homes Were Sold
Over Asking
Summary: A total of 113 homes were sold or pending in Rockville in April 2024, up by 0.9% month-over-month. Of the 113 sold homes, 18% were sold under asking, 16% were sold at asking, and 66% were sold over asking.
Days on Market for Rockville, MD
How long does it take to sell a home in Rockville, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 13 Days | -0.9% |
Summary: Homes in Rockville had an average of 13 days on market in Apr 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
101 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 113 homes were sold in Rockville; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.