Is Rockingham, NC 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, Rockingham has remained a Seller's Market.
Housing Prices in Rockingham, NC
How much do homes in Rockingham, NC cost?
Median Sold Price
$174,500
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rockingham was $174,500 in April 2024, up 2.6% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $50K | -75.6% |
2 Bedrooms | $104.5K | $90K | -13.9% |
3 Bedrooms | $174.5K | $181.9K | +4.2% |
4 Bedrooms | $285K | $349.9K | +22.8% |
5+ Bedrooms | $285K | $497.1K | +74.4% |
Summary: Rockingham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.6%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 74.4%.
Median Sold Price Compared To Nearby Cities
Marks Creek Township | $140.5K | $165K | +17.4% |
Rockingham | $170K | $174.5K | +2.6% |
Rockingham Township | $170K | $174.5K | +2.6% |
Wolf Pit Township | $132K | $132.5K | 0.4% |
Housing Supply in Rockingham, NC
How many homes are available in Rockingham, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 66 | -4.3% |
Summary: The Rockingham real estate market had 66 homes for sale in April 2024, a 4.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 45 | 39 | -13.3% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rockingham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Rockingham in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Rockingham, NC
How long does it take to sell a home in Rockingham, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 51 Days | +13.1% |
Summary: Homes in Rockingham had an average of 51 days on market in Apr 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Rockingham; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.