Is Gloucester County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Gloucester County has remained a Seller's Market.
Housing Prices in Gloucester County, VA
How much do homes in Gloucester County, VA cost?
Median Sold Price
$342,666
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Gloucester County was $342,666 in June 2024, up 8.4% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.9K | $236.5K | +25.9% |
2 Bedrooms | $255K | $292K | +14.5% |
3 Bedrooms | $300K | $342K | +14.0% |
4 Bedrooms | $427.5K | $430K | +0.6% |
5+ Bedrooms | $402.5K | $625K | +55.3% |
Summary: Gloucester County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 55.3%.
Median Sold Price Compared To Nearby Counties
Gloucester County | $316.2K | $342.6K | +8.4% |
King and Queen County | $255K | $271.5K | +6.5% |
Middlesex County | $370K | $375K | +1.4% |
Mathews County | $396.7K | $350K | -11.8% |
Housing Supply in Gloucester County, VA
How many homes are available in Gloucester County, VA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
340 | 313 | -7.9% |
Summary: The Gloucester County real estate market had 313 homes for sale in June 2024, a 7.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 47 | 44 | -6.4% |
3 Bedrooms | 195 | 173 | -11.3% |
4 Bedrooms | 75 | 70 | -6.7% |
5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The Gloucester County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
103 | 59 | -42.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in Gloucester County in June 2024, down by 42.7% month-over-month. Of the 26 sold homes, 23% were sold under asking, 42% were sold at asking, and 35% were sold over asking.
Days on Market for Gloucester County, VA
How long does it take to sell a home in Gloucester County, VA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
31 Days | 43 Days | +38.7% |
Summary: Homes in Gloucester County had an average of 43 days on market in Jun 2024, up by 38.7% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During June 2024, 59 homes were sold in Gloucester County; 66% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.