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 neutral's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Middlesex County was a Seller's Market.

Key Takeaway

Middlesex County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Middlesex County, VA

How much do homes in Middlesex County, VA cost?

Median Sold Price

$364,500

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$6,950(-1.9%)

Key Takeaway

Homes in Middlesex County have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in Middlesex County was $364,500 in January 2024, down 1.9% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $156K$250K
+60.3%
2 $300K$338K
+12.7%
3 $369K$350K
-5.1%
4 $494.9K$412.9K
-16.6%
5+ $1.1M$875K
-25.5%

Summary: Middlesex County housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.3%, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes decreased by 25.5%.

Median Sold Price Compared To Nearby Counties

Essex County
+12.0%
Gloucester County
+6.8%
Middlesex County
-1.9%
Mathews County
-9.2%

Housing Supply in Middlesex County, VA

How many homes are available in Middlesex County, VA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
81810.0%

Summary: The Middlesex County real estate market had 81 homes for sale in January 2024, the same as December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 10
-100.0%
2 2021
+5.0%
3 4542
-6.7%
4 1211
-8.3%
5+ 37
+133.3%

Summary: The Middlesex County housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 133.3%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
1512-20.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 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. 54.5% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Middlesex County in January 2024, down by 20.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% 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

Jan 2023Jan 2024CHANGE
19 Days59 Days+209.2%

Summary: Homes in Middlesex County had an average of 59 days on market in Jan 2024, up by 209.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 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 January 2024, 12 homes were sold in Middlesex County; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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 23 Days Ago

Newest Listings in Middlesex County, VA

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