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 March 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

$375,000

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$7,600(+2.1%)

Key Takeaway

Homes in Middlesex County have sold for 2.1% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $156K$250K
+60.3%
2 $335.5K$325K
-3.1%
3 $362K$375K
+3.6%
4 $522.4K$447.5K
-14.3%
5+ $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
+10.8%
King and Queen County
+8.2%
Gloucester County
+8.1%
Middlesex County
+2.1%
Mathews County
-4.1%

Housing Supply in Middlesex County, VA

How many homes are available in Middlesex County, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8291+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

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 1923
+21.1%
3 4548
+6.7%
4 1111
0.0%
5+ 78
+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 2024Mar 2024CHANGE
1215+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middlesex County, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
53 Days82 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Middlesex County are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

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

Report Updated 25 Days Ago

Newest Listings in Middlesex County, VA

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