Is Rock Hill, VA 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, Rock Hill has remained a Seller's Market.
Key Takeaway
Rock Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rock Hill, VA
How much do homes in Rock Hill, VA cost?
Median Sold Price
$560,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rock Hill have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Rock Hill was $560,000 in May 2024, up 6.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $300K | N/A |
| 3 Bedrooms | $409.9K | $449.4K | +9.6% |
| 4 Bedrooms | $525K | $555K | +5.7% |
| 5+ Bedrooms | $655K | $687.4K | +5.0% |
Summary: Rock Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Griffis-Widewater | $455K | $487.5K | +7.1% |
| Rock Hill | $525K | $560K | +6.7% |
| Hartwood | $573.4K | $610K | +6.4% |
| Stafford | $503.1K | $524.9K | +4.3% |
| Garrisonville | $503.7K | $500K | -0.7% |
Housing Supply in Rock Hill, VA
How many homes are available in Rock Hill, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 100 | +28.2% |
Summary: The Rock Hill real estate market had 100 homes for sale in May 2024, a 28.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 27 | 40 | +48.1% |
| 5+ Bedrooms | 34 | 41 | +20.6% |
Summary: The Rock Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 48.1%, and 5+ bedroom homes increased by 20.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rock Hill, expect to pay close to the asking price. 39.1% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Rock Hill in May 2024, down by 4.2% month-over-month. Of the 23 sold homes, 22% were sold under asking, 39% were sold at asking, and 39% were sold over asking.
Days on Market for Rock Hill, VA
How long does it take to sell a home in Rock Hill, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 12 Days | 0.3% |
Summary: Homes in Rock Hill had an average of 12 days on market in May 2024, up by 0.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rock Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Rock Hill; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
