Is Poquoson, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Poquoson is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Poquoson has remained a Seller's Market.

Key Takeaway

Poquoson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Poquoson, VA

How much do homes in Poquoson, VA cost?

Median Sold Price

$415,000

$208/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$140,000(+50.9%)

Key Takeaway

Homes in Poquoson have sold for 50.9% more than they did a month ago.

Summary: The median home sold price in Poquoson was $415,000 in May 2024, up 50.9% from last month, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 $105K-
N/A
2 --
N/A
3 -$415K
N/A
4 $445K-
N/A
5+ --
N/A

Summary: Poquoson housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Poquoson
+50.9%
Hampton
+5.3%

Housing Supply in Poquoson, VA

How many homes are available in Poquoson, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
95163+71.6%

Summary: The Poquoson real estate market had 163 homes for sale in May 2024, a 71.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 20
-100.0%
2 55
0.0%
3 3378
+136.4%
4 4058
+45.0%
5+ 1522
+46.7%

Summary: The Poquoson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 136.4%, 4 bedroom homes increased by 45%, and 5+ bedroom homes increased by 46.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1728+64.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Poquoson, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 28 homes were sold or pending in Poquoson in May 2024, up by 64.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Poquoson, VA

How long does it take to sell a home in Poquoson, VA?

Average Sale Time

Apr 2024May 2024CHANGE
25 Days11 Days-54.1%

Summary: Homes in Poquoson had an average of 11 days on market in May 2024, down by 54.1% compared to last month.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 28 homes were sold in Poquoson; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

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