NORTH ROCKVILLE HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in February, with 34 sold this month in North Rockville Real Estate. This month's total units sold was higher than at this time last year, an increase from February 2024.

Versus last year, the total number of homes available this month is higher by 23 units or 49%. The total number of active inventory this February was 70 compared to 47 in February 2024. This month's total of 70 is higher than the previous month's total supply of available inventory of 69, an increase of 1%.

Last February, the median sale price for North Rockville Homes was $681,392. This February, the median sale price was $685,900, an increase of 1% or $4,508 compared to last year. The current median sold price is 3% higher than in January.

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

In February, there was 2.1 months of supply available in North Rockville, compared to 1.8 in February 2024. That is an increase of 14% 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 54 homes newly listed for sale in North Rockville compared to 43 in February 2024, an increase of 26%. There were 40 current contracts pending sale this February compared to 44 a year ago. The number of current contracts is 9% lower than last February.

In February, the average sale price in North Rockville was 103.1% of the average list price, which is 1.0% lower than at this time last year.

This month, the average number of days on market was 27, higher than the average last year, which was 14. This increase was impacted by the limited number of sales.





FOCUS ON: NORTH ROCKVILLE HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 20850
Units Sold 34	Active Inventory 70	Median Sale Price $685,900	Days On Market 27

Up Vs. Year Ago	Up 49% Vs. Year Ago	Up 1% Vs. Year Ago	Up Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in February, with 34 sold this month in North Rockville Real Estate. This month's total units sold was higher than at this time last year, an increase from February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 23 units or 49%. The total number of active inventory this February was 70 compared to 47 in February 2024. This month's total of 70 is higher than the previous month's total supply of available inventory of 69, an increase of 1%.
		Median Sale Price Last February, the median sale price for North Rockville Homes was $681,392. This February, the median sale price was $685,900, an increase of 1% or $4,508 compared to last year. The current median sold price is 3% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 54	Current Contracts 40	Sold Vs. List Price 103.1%	Months of Supply 2.1

Up 26% Vs. Year Ago	Down -9% Vs. Year Ago	Down -0.9% Vs. Year Ago	Up 14% Vs. Year Ago


		Months of Supply In February, there was 2.1 months of supply available in North Rockville, compared to 1.8 in February 2024. That is an increase of 14% 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 54 homes newly listed for sale in North Rockville compared to 43 in February 2024, an increase of 26%. There were 40 current contracts pending sale this February compared to 44 a year ago. The number of current contracts is 9% lower than last February.
		Sale Price to List Price Ratio In February, the average sale price in North Rockville was 103.1% of the average list price, which is 1.0% lower than at this time last year. Days on Market This month, the average number of days on market was 27, higher than the average last year, which was 14. This increase was impacted by the limited number of sales.


	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.