Is Accomack County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Accomack County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Accomack County has remained a Buyer's Market.

Key Takeaway

Accomack County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Accomack County, VA

How much do homes in Accomack County, VA cost?

Median Sold Price

$314,900

$236/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$9,900(+3.2%)

Key Takeaway

Homes in Accomack County have sold for 3.2% more than they did a month ago.

Summary: The median home sold price in Accomack County was $314,900 in March 2024, up 3.2% from last month, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $295K-
N/A
3 $271.5K$314.9K
+16.0%
4 $436.5K-
N/A
5+ $857.5K-
N/A

Summary: Accomack County housing prices by bedroom type for March 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 16%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Accomack County, VA

How many homes are available in Accomack County, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
10297-4.9%

Summary: The Accomack County real estate market had 97 homes for sale in March 2024, a 4.9% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 78
+14.3%
3 6562
-4.6%
4 2320
-13.0%
5+ 55
0.0%

Summary: The Accomack County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Accomack County, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Accomack County in March 2024, down by 42.9% 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 Accomack County, VA

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

Average Sale Time

Feb 2024Mar 2024CHANGE
66 Days307 Days+361.2%

Summary: Homes in Accomack County had an average of 307 days on market in Mar 2024, up by 361.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 4 homes were sold in Accomack County; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 11 Days Ago

Newest Listings in Accomack County, VA

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