NORTH ROCKVILLE HOUSING MARKET DATA

There was an increase in total units sold in April, with 46 sold this month in North Rockville Real Estate versus 40 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 5% versus April 2024.

Versus last year, the total number of homes available this month is higher by 30 units or 42%. The total number of active inventory this April was 102 compared to 72 in April 2024. This month's total of 102 is lower than the previous month's total supply of available inventory of 115, a decrease of 11%.

Last April, the median sale price for North Rockville Homes was $753,000. This April, the median sale price was $814,000, an increase of 8% or $61,000 compared to last year. The current median sold price is 17% higher than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In April, there was 2.2 months of supply available in North Rockville, compared to 1.6 in April 2024. That is an increase of 36% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 53 homes newly listed for sale in North Rockville compared to 76 in April 2024, a decrease of 30%. There were 48 current contracts pending sale this April compared to 65 a year ago. The number of current contracts is 26% lower than last April.

In April, the average sale price in North Rockville was 103.6% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 7, lower than the average last year, which was 11, a decrease of 36%.





FOCUS ON: NORTH ROCKVILLE HOUSING MARKET			APRIL 2025

Zip Code(s): 20850
Units Sold 46	Active Inventory 102	Median Sale Price $814,000	Days On Market 7

Up 5% Vs. Year Ago	Up 42% Vs. Year Ago	Up 8% Vs. Year Ago	Down -36% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 46 sold this month in North Rockville Real Estate versus 40 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 5% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 30 units or 42%. The total number of active inventory this April was 102 compared to 72 in April 2024. This month's total of 102 is lower than the previous month's total supply of available inventory of 115, a decrease of 11%.
		Median Sale Price Last April, the median sale price for North Rockville Homes was $753,000. This April, the median sale price was $814,000, an increase of 8% or $61,000 compared to last year. The current median sold price is 17% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 53	Current Contracts 48	Sold Vs. List Price 103.6%	Months of Supply 2.2

Down -30% Vs. Year Ago	Down -26% Vs. Year Ago	Down -1.1% Vs. Year Ago	Up 35% Vs. Year Ago


		Months of Supply In April, there was 2.2 months of supply available in North Rockville, compared to 1.6 in April 2024. That is an increase of 36% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 53 homes newly listed for sale in North Rockville compared to 76 in April 2024, a decrease of 30%. There were 48 current contracts pending sale this April compared to 65 a year ago. The number of current contracts is 26% lower than last April.
		Sale Price to List Price Ratio In April, the average sale price in North Rockville was 103.6% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 7, lower than the average last year, which was 11, a decrease of 36%.


	North Rockville are defined as properties listed in zip code/s 20850 .
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.