The Long & Foster Market Minute

Focus On: North Rockville Housing Market June 2021

Zip Code(s): 20850
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -28%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -59%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 91 sold this month in North Rockville Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 25 units or 28%. The total number of active inventory this June was 64 compared to 89 in June 2020. This month's total of 64 is lower than the previous month's total supply of available inventory of 65, a decrease of 2%.

Median Sale Price
Last June, the median sale price for North Rockville Homes was $582,000. This June, the median sale price was $610,418, an increase of 5% or $28,418 compared to last year. The current median sold price is 7% lower than in May.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 27%
Vs. Year Ago
Up 19%
Vs. Year Ago
Up 3.9%
Vs. Year Ago
Down -54%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in North Rockville, compared to 1.5 in June 2020. That is a decrease of 54% 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 93 homes newly listed for sale in North Rockville compared to 73 in June 2020, an increase of 27%. There were 74 current contracts pending sale this June compared to 62 a year ago. The number of current contracts is 19% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in North Rockville was 103.1% of the average list price, which is 3.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 12, lower than the average last year, which was 29, a decrease of 59%.

The Long & Foster Market Minute 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.
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.