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| FOCUS ON: NORTH ROCKVILLE HOUSING MARKET |
SEPTEMBER 2025 |
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| Zip Code(s): 20850
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Units Sold
30 |
Active Inventory
113 |
Median Sale Price
$723,790 |
Days On Market
25 |
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Down
Vs. Year Ago |
Up 74%
Vs. Year Ago |
Down -2%
Vs. Year Ago |
Up 4%
Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in September, with 30 sold this month in North Rockville Real Estate. This month's total units sold was lower than at this time last year, a decrease from September 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 48 units or 74%. The total number of active inventory this September was 113 compared to 65 in September 2024. This month's total of 113 is lower than the previous month's total supply of available inventory of 125, a decrease of 10%.
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Median Sale Price
Last September, the median sale price for North Rockville Homes was $740,000. This September, the median sale price was $723,790, a decrease of 2% or $16,210 compared to last year. The current median sold price is 14% higher than in August.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
68 |
Current Contracts
59 |
Sold Vs. List Price
100.9% |
Months of Supply
3.8 |
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Up 36%
Vs. Year Ago |
Up 37%
Vs. Year Ago |
Down -0.6%
Vs. Year Ago |
Up 97%
Vs. Year Ago |
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Months of Supply
In September, there was 3.8 months of supply available in North Rockville, compared to 1.9 in September 2024. That is an increase of 97% 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.
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New Listings & Current Contracts
This month there were 68 homes newly listed for sale in North Rockville compared to 50 in September 2024, an increase of 36%. There were 59 current contracts pending sale this September compared to 43 a year ago. The number of current contracts is 37% higher than last September.
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Sale Price to List Price Ratio
In September, the average sale price in North Rockville was 100.9% of the average list price, which is 0.6% lower than at this time last year.
Days on Market
This month, the average number of days on market was 25, higher than the average last year, which was 24, an increase of 4%.
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North Rockville are defined as properties listed in zip code/s 20850
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| *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. |