Is Mathews County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mathews County was a Seller's Market.
Housing Prices in Mathews County, VA
How much do homes in Mathews County, VA cost?
Median Sold Price
$359,900
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mathews County was $359,900 in April 2024, down 8.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $423.2K | $75K | -82.3% |
2 Bedrooms | $279.9K | $277.4K | -0.9% |
3 Bedrooms | $386.8K | $369.9K | -4.4% |
4 Bedrooms | $515K | $708K | +37.5% |
5+ Bedrooms | $680K | $1.7M | +150.0% |
Summary: Mathews County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 82.3%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 150%.
Median Sold Price Compared To Nearby Counties
Gloucester County | $313.3K | $335.8K | +7.2% |
Middlesex County | $365K | $375K | +2.7% |
Mathews County | $393.6K | $359.9K | -8.6% |
Housing Supply in Mathews County, VA
How many homes are available in Mathews County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 100 | +13.6% |
Summary: The Mathews County real estate market had 100 homes for sale in April 2024, a 13.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 18 | 18 | 0.0% |
3 Bedrooms | 47 | 54 | +14.9% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Mathews County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Mathews County in April 2024, down by 7.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Mathews County, VA
How long does it take to sell a home in Mathews County, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 70 Days | +6.1% |
Summary: Homes in Mathews County had an average of 70 days on market in Apr 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Mathews County; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.