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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mangohick is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Mangohick, VA cost?

Median Sold Price

$289,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$29,000(+11.2%)

Key Takeaway

Homes in Mangohick have sold for 11.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $211.8K$242.4K
+14.4%
3 $250.5K$295K
+17.8%
4 $415K$340K
-18.1%
5+ $549.9K$600K
+9.1%

Median Sold Price Compared To Nearby Cities

Hanover
+27.6%
Mangohick
+11.2%
Aylett
+6.7%

How many homes are available in Mangohick, VA?

Number of Homes For Sale

Aug 2022Sep 2022%
1715-11.8%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 33
0.0%
3 119
-18.2%
4 22
0.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
34+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mangohick, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Average Sale Time

Sep 2021Sep 2022%
14 Days70 Days+380.7%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mangohick 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 Mangohick, VA

Mangohick, VA has 15 homes for sale to choose from. In September 2022 in Mangohick, VA there were 11.8% less homes for sale than in August 2022. In September 2022, listings were on the market for 70 days. During the same period, the median list price in this real estate market was $289,000. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 14.4%, the cost of 3 bedrooms properties went up by 17.8%, the cost of 4 bedrooms properties went down by 18.1%, prices of 5 bedrooms properties increased by 9.1%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes went down by 18.2%, 4 bedrooms homes did not move, 5 bedrooms homes inventory did not change. In September 2022 more than 0 listings in Mangohick, VA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 1 were sold below.

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