Is Rocky Mount, 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, Rocky Mount has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $23.9K | $48.4K | +102.1% |
2 Bedrooms | $110.6K | $94K | -15.0% |
3 Bedrooms | $190.4K | $206.3K | +8.3% |
4 Bedrooms | $313K | $285K | -8.9% |
5+ Bedrooms | $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 | $224.3K | $250K | +11.4% |
Rocky Mount | $204.7K | $208.4K | +1.8% |
Rocky Mount Township | $211.9K | $210K | -0.9% |
Oak Level Township | $289.2K | $272.4K | -5.8% |
Housing Supply in Rocky Mount, NC
How many homes are available in Rocky Mount, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
301 | 315 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 44 | 42 | -4.5% |
3 Bedrooms | 164 | 175 | +6.7% |
4 Bedrooms | 81 | 84 | +3.7% |
5+ Bedrooms | 12 | 13 | +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 2024 | May 2024 | CHANGE |
---|---|---|
71 | 55 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 39 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
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.