Is Rocky Mount, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rocky Mount is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Rocky Mount has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Rocky Mount, NC

How much do homes in Rocky Mount, NC cost?

Median Sold Price

$208,400

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$3,650(+1.8%)

Key Takeaway

Homes in Rocky Mount have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Rocky Mount was $208,400 in May 2024, up 1.8% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $23.9K$48.4K
+102.1%
2 $110.6K$94K
-15.0%
3 $190.4K$206.3K
+8.3%
4 $313K$285K
-8.9%
5+ $328.9K$312.5K
-5.0%

Summary: Rocky Mount housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 102.1%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 5%.

Median Sold Price Compared To Nearby Cities

Stony Creek Township
+11.4%
Rocky Mount
+1.8%
Rocky Mount Township
-0.9%
Oak Level Township
-5.8%

Housing Supply in Rocky Mount, NC

How many homes are available in Rocky Mount, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
301315+4.7%

Summary: The Rocky Mount real estate market had 315 homes for sale in May 2024, a 4.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 4442
-4.5%
3 164175
+6.7%
4 8184
+3.7%
5+ 1213
+8.3%

Summary: The Rocky Mount 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 decreased by 4.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
7155-22.5%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rocky Mount, you may be able to get a good deal. 52.7% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in Rocky Mount in May 2024, down by 22.5% month-over-month. Of the 55 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.

Days on Market for Rocky Mount, NC

How long does it take to sell a home in Rocky Mount, NC?

Average Sale Time

May 2023May 2024CHANGE
58 Days39 Days-31.6%

Summary: Homes in Rocky Mount had an average of 39 days on market in May 2024, down by 31.6% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 55 homes were sold in Rocky Mount; 73% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% 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 1 Day Ago

Newest Listings in Rocky Mount, NC

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