Is Middlesex 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, Middlesex County was a Seller's Market.
Housing Prices in Middlesex County, VA
How much do homes in Middlesex County, VA cost?
Median Sold Price
$375,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Middlesex County was $375,000 in April 2024, up 2.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158.7K | $363.7K | +129.1% |
2 Bedrooms | $317.5K | $345K | +8.7% |
3 Bedrooms | $352K | $372.5K | +5.8% |
4 Bedrooms | $522.4K | $425K | -18.7% |
5+ Bedrooms | $1.1M | $775K | -32.6% |
Summary: Middlesex County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 129.1%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes decreased by 32.6%.
Median Sold Price Compared To Nearby Counties
Essex County | $254.9K | $290K | +13.7% |
King and Queen County | $255K | $282.4K | +10.7% |
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 Middlesex County, VA
How many homes are available in Middlesex County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 94 | +4.4% |
Summary: The Middlesex County real estate market had 94 homes for sale in April 2024, a 4.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 23 | 19 | -17.4% |
3 Bedrooms | 47 | 52 | +10.6% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Middlesex County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Middlesex County in April 2024, down by 29.4% month-over-month. Of the 11 sold homes, 18% were sold under asking, 45% were sold at asking, and 36% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 57 Days | +23.6% |
Summary: Homes in Middlesex County had an average of 57 days on market in Apr 2024, up by 23.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Middlesex County; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.