Is Matoaca, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Matoaca has remained a Seller's Market.
Housing Prices in Matoaca, VA
How much do homes in Matoaca, VA cost?
Median Sold Price
$451,316
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Matoaca was $451,316 in May 2024, up 2.3% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122K | $269.5K | +121.0% |
2 Bedrooms | $321.5K | $324K | +0.8% |
3 Bedrooms | $354.4K | $376.3K | +6.2% |
4 Bedrooms | $460K | $489.9K | +6.5% |
5+ Bedrooms | $642.9K | $625.6K | -2.7% |
Summary: Matoaca housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 121%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
Clover Hill | $335K | $365K | +8.9% |
Moseley | $540K | $573.5K | +6.2% |
Dale | $325K | $340K | +4.6% |
Matoaca | $441.2K | $451.3K | +2.3% |
Chesterfield | $432.3K | $442K | +2.2% |
Housing Supply in Matoaca, VA
How many homes are available in Matoaca, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
706 | 739 | +4.7% |
Summary: The Matoaca real estate market had 739 homes for sale in May 2024, a 4.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 10 | -9.1% |
2 Bedrooms | 66 | 63 | -4.5% |
3 Bedrooms | 226 | 245 | +8.4% |
4 Bedrooms | 254 | 265 | +4.3% |
5+ Bedrooms | 149 | 156 | +4.7% |
Summary: The Matoaca housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 4.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
136 | 195 | +43.4% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
98 Homes Were Sold
Over Asking
Summary: A total of 195 homes were sold or pending in Matoaca in May 2024, up by 43.4% month-over-month. Of the 195 sold homes, 24% were sold under asking, 26% were sold at asking, and 50% were sold over asking.
Days on Market for Matoaca, VA
How long does it take to sell a home in Matoaca, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 27 Days | +17.0% |
Summary: Homes in Matoaca had an average of 27 days on market in May 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
142 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During May 2024, 195 homes were sold in Matoaca; 73% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.