The Long & Foster Market Minute

FOCUS ON: ROCKVILLE HOUSING MARKET MAY 2025

Zip Code(s): 20850, 20851, 20852, 20853 and 20896
Units Sold
138
Active Inventory
261
Median Sale Price
$652,250
Days On Market
21
Down -11%
Vs. Year Ago
Up 29%
Vs. Year Ago
No Change
Vs. Year Ago
Up 110%
Vs. Year Ago

Units Sold
There was an increase in total units sold in May, with 138 sold this month in Rockville Real Estate versus 137 last month, an increase of 1%. This month's total units sold was lower than at this time last year, a decrease of 11% versus May 2024.

Active Inventory
Versus last year, the total number of homes available this month is higher by 58 units or 29%. The total number of active inventory this May was 261 compared to 203 in May 2024. This month's total of 261 is lower than the previous month's total supply of available inventory of 293, a decrease of 11%.

Median Sale Price
Last May, the median sale price for Rockville Homes was $650,000. This May, the median sale price was $652,250, which is similar compared to a year ago. The current median sold price is 8% higher than in April.

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


New Listings
173
Current Contracts
154
Sold Vs. List Price
100.3%
Months of Supply
1.9
Down -15%
Vs. Year Ago
Up 7%
Vs. Year Ago
Down -3.4%
Vs. Year Ago
Up 44%
Vs. Year Ago

Months of Supply
In May, there was 1.9 months of supply available in Rockville, compared to 1.3 in May 2024. That is an increase of 44% 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 173 homes newly listed for sale in Rockville compared to 204 in May 2024, a decrease of 15%. There were 154 current contracts pending sale this May compared to 144 a year ago. The number of current contracts is 7% higher than last May.

Sale Price to List Price Ratio
In May, the average sale price in Rockville was 100.3% of the average list price, which is 3.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 21, higher than the average last year, which was 10, an increase of 110%.

The Long & Foster Market Minute Rockville are defined as properties listed in zip code/s 20850, 20851, 20852, 20853 and 20896.
*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.
REALTOR, Equal Opportunity HousingInformation 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.