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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Charles City County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Charles City County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Charles City County, VA

How much do homes in Charles City County, VA cost?

Median Sold Price

$300,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$37,500(+14.3%)

Key Takeaway

Homes in Charles City County have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in Charles City County was $300,000 in May 2024, up 14.3% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$138K
N/A
2 $133K$165K
+24.1%
3 $270K$281K
+4.1%
4 $370K$375K
+1.4%
5+ -$800K
N/A

Summary: Charles City County 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 increased by 24.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Charles City County
+14.3%
Henrico County
+9.3%
Chesterfield County
+4.9%
Prince George County
+3.3%
New Kent County
+0.8%

Housing Supply in Charles City County, VA

How many homes are available in Charles City County, VA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1715-11.8%

Summary: The Charles City County real estate market had 15 homes for sale in May 2024, a 11.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1311
-15.4%
4 12
+100.0%
5+ 10
-100.0%

Summary: The Charles City County 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 remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Charles City County, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Charles City County in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.

Days on Market for Charles City County, VA

How long does it take to sell a home in Charles City County, VA?

Average Sale Time

May 2023May 2024CHANGE
23 Days58 Days+148.2%

Summary: Homes in Charles City County had an average of 58 days on market in May 2024, up by 148.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Charles City County has remained consistent over time.

Summary: During May 2024, 8 homes were sold in Charles City County; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% 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

Newest Listings in Charles City County, VA

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What housing markets are near Charles City County, VA?