Is Accomack 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, 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
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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | - | N/A |
| 3 Bedrooms | $271.5K | $314.9K | +16.0% |
| 4 Bedrooms | $436.5K | - | N/A |
| 5+ Bedrooms | $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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 102 | 97 | -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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 65 | 62 | -4.6% |
| 4 Bedrooms | 23 | 20 | -13.0% |
| 5+ Bedrooms | 5 | 5 | 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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -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
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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 307 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
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.
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