Why Live in Rockville
Rockville is the seat of Montgomery County and the fourth-largest city in Maryland, named for its proximity to Rock Creek, a 32-mile tributary and regional park that runs south from Derwood, Maryland, to the Potomac River in Washington, D.C. The city was connected to the vital Baltimore & Ohio Railroad in the early 19th century, but today, that same rail line shuttles commuters to and from the nation’s capital on the MARC train. According to city government statistics, Rockville’s population growth was spurred by the post-World War II housing boom, with the number of residents increasing from around 6,900 in 1950 to nearly 45,000 in 1980. The 2020 census calculated that there are around 68,000 residents in the city. Even more growth is expected in the coming years, considering the dense commercial corridor along Rockville Pike and the city’s proximity to Washington, as well as the many life science employers along Interstate 270. With its desirable location and limited inventory, it’s no wonder many recent homes sold in Rockville were on the market for less than 10 days. Realtor Jonathan Layne, a real estate agent with Compass, Inc. and Layne Residential Group for nearly 20 years,
Home Trends in Rockville, MD
On average, homes in Rockville, MD sell after 27 days on the market compared to the national average of 50 days. The median sale price for homes in Rockville, MD over the last 12 months is $635,500, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$635,500
Median Single Family Sale Price
$724,620
Median Townhouse Sale Price
$764,322
Median 2 Bedroom Sale Price
$380,000
Median 1 Bedroom Sale Price
$261,500
Average Price Per Sq Ft
$324
Number of Homes for Sale
222
Last 12 months Home Sales
1,031
Median List Price
$639,444
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%