Is Rockingham County, NC 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, Rockingham County has remained a Seller's Market.
Housing Prices in Rockingham County, NC
How much do homes in Rockingham County, NC cost?
Median Sold Price
$193,470
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rockingham County was $193,470 in March 2024, up 4.6% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $76.5K | +39.1% |
2 Bedrooms | $119.5K | $125K | +4.6% |
3 Bedrooms | $198K | $216K | +9.1% |
4 Bedrooms | $251.5K | $285K | +13.3% |
5+ Bedrooms | $302K | $325K | +7.6% |
Summary: Rockingham County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.1%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Counties
Caswell County | $215K | $262K | +21.9% |
Guilford County | $275K | $289.2K | +5.2% |
Rockingham County | $184.9K | $193.4K | +4.6% |
Stokes County | $260K | $259.8K | -0.1% |
Henry County | $195K | $154.5K | -20.8% |
Housing Supply in Rockingham County, NC
How many homes are available in Rockingham County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
282 | 314 | +11.3% |
Summary: The Rockingham County real estate market had 314 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 72 | 73 | +1.4% |
3 Bedrooms | 170 | 196 | +15.3% |
4 Bedrooms | 25 | 30 | +20.0% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Rockingham County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 78 | +50.0% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in Rockingham County in March 2024, up by 50.0% month-over-month. Of the 78 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.
Days on Market for Rockingham County, NC
How long does it take to sell a home in Rockingham County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 50 Days | +9.3% |
Summary: Homes in Rockingham County had an average of 50 days on market in Mar 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 78 homes were sold in Rockingham County; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.