Is Mathews County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mathews County is a buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

Mathews County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$33,700(-8.6%)

Key Takeaway

Homes in Mathews County have sold for 8.6% less than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $423.2K$75K
-82.3%
2 $279.9K$277.4K
-0.9%
3 $386.8K$369.9K
-4.4%
4 $515K$708K
+37.5%
5+ $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
+7.2%
Middlesex County
+2.7%
Mathews County
-8.6%

Housing Supply in Mathews County, VA

How many homes are available in Mathews County, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
88100+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

# BEDSMar 2024Apr 2024CHANGE
1 23
+50.0%
2 1818
0.0%
3 4754
+14.9%
4 1214
+16.7%
5+ 911
+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 2024Apr 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mathews County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
66 Days70 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mathews County are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 3 Days Ago

Newest Listings in Mathews County, VA

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