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 buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$10,000(+2.7%)

Key Takeaway

Homes in Middlesex County have sold for 2.7% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $158.7K$363.7K
+129.1%
2 $317.5K$345K
+8.7%
3 $352K$372.5K
+5.8%
4 $522.4K$425K
-18.7%
5+ $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
+13.7%
King and Queen County
+10.7%
Gloucester County
+7.2%
Middlesex County
+2.7%
Mathews County
-8.6%

Housing Supply in Middlesex County, VA

How many homes are available in Middlesex County, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
9094+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

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 2319
-17.4%
3 4752
+10.6%
4 1214
+16.7%
5+ 78
+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 2024Apr 2024CHANGE
1712-29.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middlesex County, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

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 2023Apr 2024CHANGE
46 Days57 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 Middlesex County, VA

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