Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, bringing you the latest market update for Rockwall, Texas in October 2024. Whether you’re a buyer or seller, this information is crucial to understanding the current real estate landscape in our city.

Let’s dive into the data. Currently, we have a 7.12 Months Supply of Inventory in Rockwall. This means that at the current rate of sales, it would take 7.12 months to sell all the homes on the market. Over the last 12 months, we’ve seen a 57.52% increase in Months Supply of Inventory, indicating a shift in the market dynamics.

The List to Sold Price percentage in Rockwall is currently at 97.2%. This figure represents the percentage of the listing price at which homes are ultimately selling. It’s important for both buyers and sellers to be aware of this metric when negotiating offers.

The median days on market in Rockwall is 74. This number tells us how long it takes for a home to sell once it’s listed. Understanding the median days on market can help buyers and sellers make informed decisions about pricing and timing.

Finally, the median Sold Price in Rockwall is $594,500. This figure represents the middle point of all the home sales in the area, giving us a snapshot of the current market values.

Thank you for stopping in to this market update. If you have any questions or are thinking about buying or selling in Rockwall, Texas, feel free to reach out to me. Stay informed and empowered in your real estate journey. See you next time!