Is Rockingham Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockingham Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Rockingham Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Rockingham Township, NC

How much do homes in Rockingham Township, NC cost?

Median Sold Price

$178,934

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,034(+5.3%)

Key Takeaway

Homes in Rockingham Township have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Rockingham Township was $178,934 in May 2024, up 5.3% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $135K$45K
-66.7%
2 $113.5K$106.7K
-5.9%
3 $176.5K$194.5K
+10.2%
4 $285K$340K
+19.3%
5+ $285K$494.2K
+73.4%

Summary: Rockingham Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 73.4%.

Median Sold Price Compared To Nearby Cities

Hamlet
+20.2%
Rockingham
+6.8%
Wolf Pit Township
+5.8%
Rockingham Township
+5.3%

Housing Supply in Rockingham Township, NC

How many homes are available in Rockingham Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6463-1.6%

Summary: The Rockingham Township real estate market had 63 homes for sale in May 2024, a 1.6% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 13
+200.0%
2 1513
-13.3%
3 3737
0.0%
4 97
-22.2%
5+ 23
+50.0%

Summary: The Rockingham Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1213+8.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockingham Township, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Rockingham Township in May 2024, up by 8.3% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.

Days on Market for Rockingham Township, NC

How long does it take to sell a home in Rockingham Township, NC?

Average Sale Time

May 2023May 2024CHANGE
23 Days47 Days+103.4%

Summary: Homes in Rockingham Township had an average of 47 days on market in May 2024, up by 103.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rockingham Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 13 homes were sold in Rockingham Township; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% 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 4 Days Ago

Newest Listings in Rockingham Township, NC

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