Is Mathews, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mathews is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Mathews has remained a Seller's Market.

Key Takeaway

Mathews is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mathews, VA

How much do homes in Mathews, VA cost?

Median Sold Price

$390,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$88,000(+29.1%)

Key Takeaway

Homes in Mathews have sold for 29.1% more than they did a year ago.

Summary: The median home sold price in Mathews was $390,000 in May 2024, up 29.1% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $249.9K-
N/A
2 $219.9K$214.9K
-2.3%
3 $325K$301K
-7.4%
4 $302K$740.5K
+145.2%
5+ $610K$975K
+59.8%

Summary: Mathews housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 145.2%, and 5+ bedroom homes increased by 59.8%.

Median Sold Price Compared To Nearby Cities

Mathews
+29.1%
Westville
+16.2%

Housing Supply in Mathews, VA

How many homes are available in Mathews, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2824-14.3%

Summary: The Mathews real estate market had 24 homes for sale in May 2024, a 14.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 129
-25.0%
4 22
0.0%
5+ 45
+25.0%

Summary: The Mathews housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mathews, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Mathews in May 2024, down by 16.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Mathews, VA

How long does it take to sell a home in Mathews, VA?

Average Sale Time

May 2023May 2024CHANGE
43 Days53 Days+23.2%

Summary: Homes in Mathews had an average of 53 days on market in May 2024, up by 23.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mathews are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 5 homes were sold in Mathews; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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