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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Accomack County is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, Accomack County has remained a Neutral Market.

Key Takeaway

Accomack County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Accomack County, VA

How much do homes in Accomack County, VA cost?

Median Sold Price

$335,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,500(+1.7%)

Key Takeaway

Homes in Accomack County have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Accomack County was $335,000 in October 2024, up 1.7% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $120K$265K
+120.8%
2 $250K$297K
+18.8%
3 $330K$325K
-1.5%
4 $474.4K$430.7K
-9.2%
5+ $608K$1.0M
+75.8%

Summary: Accomack County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 120.8%, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 75.8%.

Median Sold Price Compared To Nearby Counties

Somerset County
+6.8%
Accomack County
+1.7%
Worcester County
0.0%

Housing Supply in Accomack County, VA

How many homes are available in Accomack County, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8186+6.2%

Summary: The Accomack County real estate market had 86 homes for sale in October 2024, a 6.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1213
+8.3%
3 5054
+8.0%
4 1616
0.0%
5+ 33
0.0%

Summary: The Accomack County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1014+40.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Accomack County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Accomack County in October 2024, up by 40.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Accomack County, VA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
68 Days64 Days-6.7%

Summary: Homes in Accomack County had an average of 64 days on market in Oct 2024, down by 6.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 14 homes were sold in Accomack County; 36% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 21% 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 20 Days Ago

Newest Listings in Accomack County, VA

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