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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middlesex County is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Middlesex County, VA

How much do homes in Middlesex County, VA cost?

Median Sold Price

$375,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$5,000(+1.4%)

Key Takeaway

Homes in Middlesex County have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Middlesex County was $375,000 in June 2024, up 1.4% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $158.7K$363.7K
+129.1%
2 $317.5K$349K
+9.9%
3 $363.5K$375K
+3.2%
4 $545K$499.9K
-8.3%
5+ $1.1M$764.5K
-33.5%

Summary: Middlesex County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 129.1%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 33.5%.

Median Sold Price Compared To Nearby Counties

Essex County
+12.5%
Gloucester County
+8.4%
King and Queen County
+6.5%
Middlesex County
+1.4%
Mathews County
-11.8%

Housing Supply in Middlesex County, VA

How many homes are available in Middlesex County, VA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
108149+38.0%

Summary: The Middlesex County real estate market had 149 homes for sale in June 2024, a 38.0% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 02
+100.0%
2 1728
+64.7%
3 6983
+20.3%
4 1424
+71.4%
5+ 812
+50.0%

Summary: The Middlesex County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 64.7%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1725+47.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middlesex County, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Middlesex County in June 2024, up by 47.1% month-over-month. Of the 19 sold homes, 42% were sold under asking, 37% were sold at asking, and 21% 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

Jun 2023Jun 2024CHANGE
44 Days32 Days-26.8%

Summary: Homes in Middlesex County had an average of 32 days on market in Jun 2024, down by 26.8% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Middlesex County are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 25 homes were sold in Middlesex County; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Middlesex County, VA

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