Is Middlesex County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Middlesex County was a Seller's Market.
Housing Prices in Middlesex County, VA
How much do homes in Middlesex County, VA cost?
Median Sold Price
$375,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Middlesex County was $375,000 in March 2024, up 2.1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $156K | $250K | +60.3% |
2 Bedrooms | $335.5K | $325K | -3.1% |
3 Bedrooms | $362K | $375K | +3.6% |
4 Bedrooms | $522.4K | $447.5K | -14.3% |
5+ Bedrooms | $1.1M | $775K | -32.6% |
Summary: Middlesex County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.3%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 32.6%.
Median Sold Price Compared To Nearby Counties
Essex County | $254.9K | $282.5K | +10.8% |
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 Middlesex County, VA
How many homes are available in Middlesex County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 91 | +11.0% |
Summary: The Middlesex County real estate market had 91 homes for sale in March 2024, a 11.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 19 | 23 | +21.1% |
3 Bedrooms | 45 | 48 | +6.7% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Middlesex County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Middlesex County in March 2024, up by 25.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Middlesex County, VA
How long does it take to sell a home in Middlesex County, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 82 Days | +52.9% |
Summary: Homes in Middlesex County had an average of 82 days on market in Mar 2024, up by 52.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Middlesex County; 33% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.