Is Rockbridge County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockbridge County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Rockbridge County has remained a Seller's Market.

Key Takeaway

Rockbridge County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rockbridge County, VA

How much do homes in Rockbridge County, VA cost?

Median Sold Price

$405,000

$181/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$260,000(+179.3%)

Key Takeaway

Homes in Rockbridge County have sold for 179.3% more than they did a month ago.

Summary: The median home sold price in Rockbridge County was $405,000 in April 2024, up 179.3% from last month, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $145K$149K
+2.8%
3 $425K$471K
+10.8%
4 -$425K
N/A
5+ --
N/A

Summary: Rockbridge County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 10.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Rockbridge County, VA

How many homes are available in Rockbridge County, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1519+26.7%

Summary: The Rockbridge County real estate market had 19 homes for sale in April 2024, a 26.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 79
+28.6%
4 37
+133.3%
5+ 22
0.0%

Summary: The Rockbridge County 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 decreased by 66.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockbridge County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Rockbridge County in April 2024, up by 33.3% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Rockbridge County, VA

How long does it take to sell a home in Rockbridge County, VA?

Average Sale Time

Mar 2024Apr 2024CHANGE
40 Days73 Days+82.5%

Summary: Homes in Rockbridge County had an average of 73 days on market in Apr 2024, up by 82.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rockbridge County has remained consistent over time.

Summary: During April 2024, 4 homes were sold in Rockbridge County; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Rockbridge County, VA

Nearby Markets to Rockbridge County, VA

What housing markets are near Rockbridge County, VA?