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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gloucester County is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Gloucester County, VA cost?

Median Sold Price

$295,600

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$25,640(+9.5%)

Key Takeaway

Homes in Gloucester County have sold for 9.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $55K$131.2K
+138.6%
2 $215K$213.7K
-0.6%
3 $255.6K$285K
+11.5%
4 $340K$366.5K
+7.8%
5+ $485K$520K
+7.2%

Median Sold Price Compared To Nearby Counties

Middlesex County
+13.4%
Gloucester County
+9.5%
Mathews County
+9.1%
James City County
+8.5%

How many homes are available in Gloucester County, VA?

Number of Homes For Sale

Mar 2022Apr 2022%
272282+3.7%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 14
+300.0%
2 3239
+21.9%
3 157156
-0.6%
4 6357
-9.5%
5+ 1926
+36.8%

Number of Homes Sold

Mar 2022Apr 2022%
8858-34.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gloucester County, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
59 Days19 Days-66.8%

Breakdown of Home Sale Times

53 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gloucester County 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 County, VA

Number of homes for sale in Gloucester County, VA real estate market have reached 282. In April 2022 in Gloucester County, VA there were 3.7% more homes for sale than in March 2022. The median list price of listings available in April 2022 was $295,600, while the average time on the real estate market was 19 days. Real estate listing prices changed between March 2022 and April 2022: prices of 1 bedroom properties increased by 138.6%, prices of 2 bedrooms properties went down by 0.6%, 3 bedrooms properties prices increased by 11.5%, prices of 4 bedrooms properties went up by 7.8%, the cost of 5 bedrooms properties went up by 7.2%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory increased by 300%, 2 bedrooms homes became 21.9% more available, 3 bedrooms homes became 0.6% less available, volume of 4 bedrooms homes went down by 9.5%, volume of 5 bedrooms homes went up by 36.8%. In April 2022 more than 16 listings in Gloucester County, VA were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 3 were sold below.

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