Is Rockingham Township, NC 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, Rockingham Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $45K | -66.7% |
2 Bedrooms | $113.5K | $106.7K | -5.9% |
3 Bedrooms | $176.5K | $194.5K | +10.2% |
4 Bedrooms | $285K | $340K | +19.3% |
5+ Bedrooms | $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 | $135K | $162.2K | +20.2% |
Rockingham | $167.5K | $178.9K | +6.8% |
Wolf Pit Township | $130K | $137.5K | +5.8% |
Rockingham Township | $169.9K | $178.9K | +5.3% |
Housing Supply in Rockingham Township, NC
How many homes are available in Rockingham Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 63 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 37 | 37 | 0.0% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 2 | 3 | +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 2024 | May 2024 | CHANGE |
---|---|---|
12 | 13 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 47 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
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.