Hi everyone, I’m Marie Walton with Ebby Halliday REALTORS, here to give you a market update for September 2024 in Rockwall, Texas. Whether you’re a buyer or seller, it’s important to stay informed on the current real estate trends.
Let’s start with the Months Supply of Inventory, which currently stands at 8.47 months. This means that if no new homes were listed, it would take 8.47 months to sell all the homes on the market. Over the last 12 months, we’ve seen a significant increase of 93.38% in the Months Supply of Inventory. Rockwall is clearly a buyers market.
The List to Sold Price percentage is at 98%, which indicates that homes are selling close to their listing price. This is a positive sign for both buyers and sellers in the market.
The median days on market is 53, which means that on average, homes are selling within 53 days of being listed. This is a good indicator of the overall health of the market.
Finally, the median sold price in Rockwall is currently $565,000. This is the midpoint of all the home prices sold in the area, giving you an idea of the overall market value.
It’s important to remember that real estate market trends can change quickly, so it’s always best to consult with a professional REALTOR® like myself for personalized advice based on your specific situation.
Thank you for dropping in on this market update. If you have any questions or are interested in buying or selling a home in Rockwall, Texas, feel free to reach out to me at the phone number or email address below. Stay informed and happy house hunting!
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Marie Sells Dallas 