Is Rockland, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rockland has remained a Seller's Market.
Key Takeaway
Rockland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockland, MA
How much do homes in Rockland, MA cost?
Median Sold Price
$495,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rockland have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Rockland was $495,000 in May 2024, up 7.6% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $237.5K | +10.5% |
| 2 Bedrooms | $418.5K | $434K | +3.7% |
| 3 Bedrooms | $470K | $500K | +6.4% |
| 4 Bedrooms | $583K | $557.5K | -4.4% |
| 5+ Bedrooms | $610K | $675K | +10.7% |
Summary: Rockland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Weymouth Town | $518.9K | $575K | +10.8% |
| South Weymouth | $530K | $585K | +10.4% |
| Abington | $485K | $530K | +9.3% |
| Rockland | $459.9K | $495K | +7.6% |
| Hanover | $705K | $755K | +7.1% |
Housing Supply in Rockland, MA
How many homes are available in Rockland, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 51 | +13.3% |
Summary: The Rockland real estate market had 51 homes for sale in May 2024, a 13.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Rockland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockland, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Rockland in May 2024, down by 16.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.
Days on Market for Rockland, MA
How long does it take to sell a home in Rockland, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 31 Days | +6.9% |
Summary: Homes in Rockland had an average of 31 days on market in May 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rockland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Rockland; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
