Is Gloucester, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gloucester is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Gloucester has remained a Seller's Market.

Key Takeaway

Gloucester is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Gloucester, VA cost?

Median Sold Price

$289,950

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$16,432(+6.0%)

Key Takeaway

Homes in Gloucester have sold for 6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 -$141.6K
N/A
2 $270K$216.2K
-19.9%
3 $260K$276.5K
+6.3%
4 $337.7K$365.7K
+8.3%
5+ $485K$441.9K
-8.9%

Median Sold Price Compared To Nearby Cities

North
+15.6%
Abingdon
+10.7%
Ware
+8.8%
Gloucester
+6.0%
Petsworth
+1.2%

How many homes are available in Gloucester, VA?

Number of Homes For Sale

Mar 2022Apr 2022%
150159+6.0%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 01
+100.0%
2 1215
+25.0%
3 8988
-1.1%
4 3435
+2.9%
5+ 1520
+33.3%

Number of Homes Sold

Mar 2022Apr 2022%
4930-38.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gloucester, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
24 Days11 Days-54.3%

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Gloucester, VA

Gloucester, VA has 159 homes on the market. The number of homes for sale in Gloucester, VA increased by 6% between March 2022 and April 2022. Listings spent 11 days on the market in April 2022, and had a median list price of $289,950 during the same period. Listing prices have changed in this real estate market between March 2022 and April 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 19.9% more cheaper, prices of 3 bedrooms properties increased by 6.3%, prices of 4 bedrooms properties went up by 8.3%, 5 bedrooms properties became 8.9% more cheaper. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 100%, volume of 2 bedrooms homes went up by 25%, number of 3 bedrooms homes decreased by 1.1%, volume of 4 bedrooms homes went up by 2.9%, number of 5 bedrooms homes increased by 33.3%. In April 2022 more than 8 listings in Gloucester, VA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 2 were sold below.

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