Rockville, MD 20854 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. median sold price: $1,377,000 is the primary indicator of market value in Rockville (ZIP 20854) and, together with a sample that shows relatively constrained active supply, suggests recent transactions are supporting higher price levels even as asking prices remain elevated (median listing price: $1,650,000) — pricing friction between asks and transactions may be present.
2. median days on market: 174 points to slower sales velocity compared with faster-turn markets; this longer marketing period, combined with the constrained active supply signal, suggests liquidity is measured and sellers may need to be more selective on pricing or concessions to accelerate closings — slow sales velocity.
3. median price per square foot: $436 alongside median market rent: $5,000 indicates valuation levels that remain supported by rental demand, and with rent year-over-year trend up, rental fundamentals appear constructive for investors considering hold strategies — rent growth is a positive contextual signal.
4. market temperature: neutral while interest rate pressure: elevated implies a balanced transactional environment where higher borrowing costs could constrain buyer reach even as price momentum (price year-over-year trend: up) persists; expect careful negotiation dynamics and selective buyer activity — neutral market balance with elevated interest rate pressure.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.