Is Matoaca, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Matoaca has remained a Seller's Market.
Key Takeaway
Matoaca is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Matoaca, VA
How much do homes in Matoaca, VA cost?
Median Sold Price
$450,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Matoaca have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Matoaca was $450,000 in April 2024, up 2.8% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122K | $269.5K | +121.0% |
| 2 Bedrooms | $301K | $335K | +11.3% |
| 3 Bedrooms | $350K | $371.1K | +6.1% |
| 4 Bedrooms | $458K | $486.3K | +6.2% |
| 5+ Bedrooms | $609.3K | $622K | +2.1% |
Summary: Matoaca housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 121%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Moseley | $519K | $574.1K | +10.6% |
| Clover Hill | $334.8K | $361.2K | +7.9% |
| Dale | $320K | $339.6K | +6.1% |
| Chesterfield | $420.2K | $432.3K | +2.9% |
| Matoaca | $437.9K | $450K | +2.8% |
Housing Supply in Matoaca, VA
How many homes are available in Matoaca, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 573 | 642 | +12.0% |
Summary: The Matoaca real estate market had 642 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 12 | +50.0% |
| 2 Bedrooms | 57 | 68 | +19.3% |
| 3 Bedrooms | 199 | 203 | +2.0% |
| 4 Bedrooms | 198 | 225 | +13.6% |
| 5+ Bedrooms | 111 | 134 | +20.7% |
Summary: The Matoaca housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 20.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 126 | 133 | +5.6% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
67 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Matoaca, you could pay more than the asking price. 50.8% of homes here sold above asking price last month.
Summary: A total of 133 homes were sold or pending in Matoaca in April 2024, up by 5.6% month-over-month. Of the 132 sold homes, 23% were sold under asking, 26% were sold at asking, and 51% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 26 Days | +46.6% |
Summary: Homes in Matoaca had an average of 26 days on market in Apr 2024, up by 46.6% compared to last year.
Breakdown of Home Sale Times
101 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Matoaca are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 133 homes were sold in Matoaca; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.