Is Isle of Wight 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, Isle of Wight County has remained a Buyer's Market.
Housing Prices in Isle of Wight County, VA
How much do homes in Isle of Wight County, VA cost?
Median Sold Price
$560,000
$196/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Isle of Wight County was $560,000 in March 2024, up 10.2% from last month, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $521K | - | N/A |
4 Bedrooms | $495K | $560K | +13.1% |
5+ Bedrooms | - | - | N/A |
Summary: Isle of Wight 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 did not change, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes did not change.
Housing Supply in Isle of Wight County, VA
How many homes are available in Isle of Wight County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
268 | 295 | +10.1% |
Summary: The Isle of Wight County real estate market had 295 homes for sale in March 2024, a 10.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 22 | 23 | +4.5% |
3 Bedrooms | 116 | 128 | +10.3% |
4 Bedrooms | 85 | 100 | +17.6% |
5+ Bedrooms | 42 | 41 | -2.4% |
Summary: The Isle of Wight 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 4.5%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 2.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 25 | -30.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Isle of Wight County in March 2024, down by 30.6% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Isle of Wight County, VA
How long does it take to sell a home in Isle of Wight County, VA?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 63 Days | +23.6% |
Summary: Homes in Isle of Wight County had an average of 63 days on market in Mar 2024, up by 23.6% compared to last month.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Isle of Wight County; 40% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.