Is Surry County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Surry County has remained a Buyer's Market.
Housing Prices in Surry County, VA
How much do homes in Surry County, VA cost?
Median Sold Price
$225,000
$136/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Surry County was $225,000 in May 2024, up 129.6% from last month, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $42K | N/A |
3 Bedrooms | $98K | $630K | +542.9% |
4 Bedrooms | - | $225K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Surry County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 542.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Surry County | $98K | $225K | +129.6% |
Isle of Wight County | $587.1K | $345K | -41.2% |
Housing Supply in Surry County, VA
How many homes are available in Surry County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 48 | +11.6% |
Summary: The Surry County real estate market had 48 homes for sale in May 2024, a 11.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 29 | 29 | 0.0% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Surry County 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Surry County in May 2024, up by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Surry County, VA
How long does it take to sell a home in Surry County, VA?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 Days | 12 Days | -54.8% |
Summary: Homes in Surry County had an average of 12 days on market in May 2024, down by 54.8% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Surry County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.