Rockingham, VA 22801 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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The market value signal is centered on the median sold price $333,000, which serves as the primary indicator of realized market value and recent transaction activity in 22801 and suggests pricing is supported by actual sales rather than list expectations.
2. There is a notable spread between the median listing price $499,900 and the median sold price, which may indicate pricing friction where seller expectations exceed recent transaction levels; balanced market dynamics appear to be moderating negotiations.
3. The market exhibits slower sales velocity as shown by the median days on market 285, which may indicate longer marketing periods and could suggest buyers have more time to negotiate rather than rapid multiple-offer scenarios; slower sales velocity may pressure some sellers to adjust pricing or terms.
4. Rental and financing context supports cautious opportunity: the median market rent $1,425 is rising alongside a rent year-over-year trend that is up, while the prevailing mortgage environment (~6.53%) and moderate interest rate pressure may temper purchase demand; rent growth and moderate interest rate pressure together suggest steady landlord demand but constrained buyer affordability.

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.