The sales action is still predominantly in the lower price ranges in Rockville. This is holding back the average and median prices. Other parts of Montgomery County, MD’s stats are showing increases due to the rise of a trade up market. The Rockville stats are not yet reflecting that.
Market Statistics for Rockville, Maryland
- # of homes for sale: 599 (up from 537 last month, and stable with 603 for sale at the same time last year)
- # of homes sold: 128 (up from 96 last month, and up from 110 at same time last year)
- Median Home Price: $354,113 (up from $336,663 last month but down from $378,881 one year ago)
- Average days on the market: 40 (down from 62 last month, down from 83 one year ago). Continued reduction in time on market shows increasing demand.
Rockville is the second largest city in Maryland and the county seat of Montgomery County. The agencies of the Department of Health and Human Services as well as numerous software and biotech companies make their home in Rockville.
The revitalization of the Rockville Town Center has brought new life to a once tired and run-down area of the city and the apartments, condos, restaurants and shops as well as the square with its fountains and entertainment are a gathering place for all.
Data, commentary and analysis provided by David Hess, Executive Vice President, Avery-Hess, Realtors
Find Your Home. Plan Your Life. www.averyhess.com