Is Gloucester Point, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Gloucester Point was a Seller's Market.
Housing Prices in Gloucester Point, VA
How much do homes in Gloucester Point, VA cost?
Median Sold Price
$327,525
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gloucester Point was $327,525 in May 2024, up 12.9% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $675K | - | N/A |
2 Bedrooms | $221K | $275K | +24.4% |
3 Bedrooms | $286.2K | $345K | +20.5% |
4 Bedrooms | $362.5K | $360K | -0.7% |
5+ Bedrooms | - | - | N/A |
Summary: Gloucester Point housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 20.5%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes did not change.
Housing Supply in Gloucester Point, VA
How many homes are available in Gloucester Point, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 41 | +2.5% |
Summary: The Gloucester Point real estate market had 41 homes for sale in May 2024, a 2.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 18 | 18 | 0.0% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Gloucester Point housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Gloucester Point in May 2024, down by 40.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Gloucester Point, VA
How long does it take to sell a home in Gloucester Point, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 21 Days | -25.5% |
Summary: Homes in Gloucester Point had an average of 21 days on market in May 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Gloucester Point; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.