Is Rockingham County, 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 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
$195,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rockingham County was $195,000 in April 2024, up 3.2% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $80K | +45.5% |
2 Bedrooms | $119.2K | $128K | +7.3% |
3 Bedrooms | $200.5K | $216.5K | +8.0% |
4 Bedrooms | $265K | $349K | +31.7% |
5+ Bedrooms | $309K | $335K | +8.4% |
Summary: Rockingham County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Counties
Caswell County | $210K | $250K | +19.0% |
Rockingham County | $189K | $195K | +3.2% |
Guilford County | $283.7K | $290K | +2.2% |
Stokes County | $270K | $260K | -3.7% |
Housing Supply in Rockingham County, NC
How many homes are available in Rockingham County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
303 | 291 | -4.0% |
Summary: The Rockingham County real estate market had 291 homes for sale in April 2024, a 4.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 4 | -50.0% |
2 Bedrooms | 72 | 69 | -4.2% |
3 Bedrooms | 187 | 178 | -4.8% |
4 Bedrooms | 31 | 32 | +3.2% |
5+ Bedrooms | 5 | 8 | +60.0% |
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 50%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 61 | -24.7% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in Rockingham County in April 2024, down by 24.7% month-over-month. Of the 61 sold homes, 46% were sold under asking, 30% were sold at asking, and 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 47 Days | +27.2% |
Summary: Homes in Rockingham County had an average of 47 days on market in Apr 2024, up by 27.2% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 61 homes were sold in Rockingham County; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.