Is Gloucester County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$335,125
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gloucester County was $335,125 in March 2024, up 8.1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $207.3K | $225.7K | +8.9% |
2 Bedrooms | $239K | $288K | +20.5% |
3 Bedrooms | $300K | $335.1K | +11.7% |
4 Bedrooms | $418.5K | $409.4K | -2.2% |
5+ Bedrooms | $417.5K | $445K | +6.6% |
Summary: Gloucester County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 11.7%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Counties
King and Queen County | $255K | $275.8K | +8.2% |
Gloucester County | $310K | $335.1K | +8.1% |
Middlesex County | $367.4K | $375K | +2.1% |
Mathews County | $393.6K | $377.5K | -4.1% |
Housing Supply in Gloucester County, VA
How many homes are available in Gloucester County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
273 | 308 | +12.8% |
Summary: The Gloucester County real estate market had 308 homes for sale in March 2024, a 12.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 49 | 43 | -12.2% |
3 Bedrooms | 143 | 166 | +16.1% |
4 Bedrooms | 55 | 69 | +25.5% |
5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Gloucester 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 decreased by 12.2%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 63 | +75.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Gloucester County in March 2024, up by 75.0% month-over-month. Of the 29 sold homes, 48% were sold under asking, 24% were sold at asking, and 28% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 66 Days | +39.5% |
Summary: Homes in Gloucester County had an average of 66 days on market in Mar 2024, up by 39.5% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 63 homes were sold in Gloucester County; 40% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.