Is Mathews, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mathews has remained a Seller's Market.
Housing Prices in Mathews, VA
How much do homes in Mathews, VA cost?
Median Sold Price
$390,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mathews was $390,000 in May 2024, up 29.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249.9K | - | N/A |
2 Bedrooms | $219.9K | $214.9K | -2.3% |
3 Bedrooms | $325K | $301K | -7.4% |
4 Bedrooms | $302K | $740.5K | +145.2% |
5+ Bedrooms | $610K | $975K | +59.8% |
Summary: Mathews 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 decreased by 2.3%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 145.2%, and 5+ bedroom homes increased by 59.8%.
Median Sold Price Compared To Nearby Cities
Mathews | $302K | $390K | +29.1% |
Westville | $428K | $497.5K | +16.2% |
Housing Supply in Mathews, VA
How many homes are available in Mathews, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 24 | -14.3% |
Summary: The Mathews real estate market had 24 homes for sale in May 2024, a 14.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Mathews 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 decreased by 22.2%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Mathews in May 2024, down by 16.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Mathews, VA
How long does it take to sell a home in Mathews, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 53 Days | +23.2% |
Summary: Homes in Mathews had an average of 53 days on market in May 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Mathews; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.