Is Middlesex County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Middlesex County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158.7K | $363.7K | +129.1% |
2 Bedrooms | $317.5K | $349K | +9.9% |
3 Bedrooms | $363.5K | $375K | +3.2% |
4 Bedrooms | $545K | $499.9K | -8.3% |
5+ Bedrooms | $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 | $260K | $292.5K | +12.5% |
Gloucester County | $316.2K | $342.6K | +8.4% |
King and Queen County | $255K | $271.5K | +6.5% |
Middlesex County | $370K | $375K | +1.4% |
Mathews County | $396.7K | $350K | -11.8% |
Housing Supply in Middlesex County, VA
How many homes are available in Middlesex County, VA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
108 | 149 | +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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 17 | 28 | +64.7% |
3 Bedrooms | 69 | 83 | +20.3% |
4 Bedrooms | 14 | 24 | +71.4% |
5+ Bedrooms | 8 | 12 | +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 2024 | Jun 2024 | CHANGE |
---|---|---|
17 | 25 | +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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
44 Days | 32 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
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.