Rockingham, VA 22801 Real Estate Market Report

ZIP Code: 22801
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Rockingham, VA is currently characterized by a median sold price of $349,900, reflecting a stable environment despite the elevated interest rate pressure. The neighborhood has shown a flat price trend, indicating that while there may be some upward price pressure, it is not significant enough to alter the overall market dynamics. The median days on market stands at 261, suggesting slower sales velocity and a potential need for sellers to adjust expectations in line with buyer behavior.

With elevated inventory levels relative to sales activity, the market appears to be balancing itself. The median listing price of $449,950 indicates a notable gap between asking prices and actual sold prices, which could lead to pricing friction as sellers may need to reconsider their pricing strategies. Overall, the market remains neutral, with moderate rental demand reflected in a median market rent of $1,540 and a year-over-year rent trend that is on the rise, suggesting a stable rental environment amidst the current market conditions.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $349,900 indicates a stable market with potential pricing friction due to elevated listing expectations.

2. With median days on market at 261, sales velocity appears slower, suggesting that properties may require longer to sell in the current environment.

3. The median listing price of $449,950 shows a significant gap compared to the sold price, which may lead to pricing adjustments by sellers.

4. Elevated interest rate pressure is influencing buyer behavior, contributing to a neutral market temperature.

5. The median market rent of $1,540 is experiencing an upward trend, indicating consistent rental demand in the area.

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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.