Is Rockingham County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Rockingham County has remained a Seller's Market.
Housing Prices in Rockingham County, VA
How much do homes in Rockingham County, VA cost?
Median Sold Price
$339,500
$212/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Rockingham County was $339,500 in April 2024, down 8.4% from last month, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $189.9K | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $360.7K | $291.5K | -19.2% |
4 Bedrooms | $380.4K | $586K | +54.0% |
5+ Bedrooms | $650K | - | N/A |
Summary: Rockingham 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 did not change, 3 bedroom homes decreased by 19.2%, 4 bedroom homes increased by 54%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Rockingham County | $370.7K | $339.5K | -8.4% |
Pendleton County | $245K | $119.4K | -51.2% |
Housing Supply in Rockingham County, VA
How many homes are available in Rockingham County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 60 | +9.1% |
Summary: The Rockingham County real estate market had 60 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 20 | 18 | -10.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Rockingham County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Rockingham County in April 2024, the same as the previous month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Rockingham County, VA
How long does it take to sell a home in Rockingham County, VA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 42 Days | -18.7% |
Summary: Homes in Rockingham County had an average of 42 days on market in Apr 2024, down by 18.7% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Rockingham County; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.