$5,783 Closing Credit*
$487,000
2,790 SqFt
4 Beds
•2 Full Baths, 1 Partial
#10563905, Chandra Patterson, Listing Office: BHHS RW Towne Realty
Is Isle of Wight County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Isle of Wight County was a Seller's Market.
Key Takeaway
Isle of Wight County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Isle of Wight County, VA
How much do homes in Isle of Wight County, VA cost?
Median Sold Price
$224,800
$130/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$49,800(+28.5%)
Key Takeaway
Homes in Isle of Wight County have sold for 28.5% more than they did a month ago.
Summary: The median home sold price in Isle of Wight County was $224,800 in November 2024, up 28.5% from last month, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $175K | $224.8K | +28.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Isle of Wight County housing prices by bedroom type for November 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 increased by 28.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Surry County | $260K | $475K | +82.7% |
| Isle of Wight County | $175K | $224.8K | +28.5% |
| Southampton County | $315K | $305K | -3.2% |
Housing Supply in Isle of Wight County, VA
How many homes are available in Isle of Wight County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 296 | 298 | +0.7% |
Summary: The Isle of Wight County real estate market had 298 homes for sale in November 2024, a 0.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 23 | +4.5% |
| 3 Bedrooms | 118 | 114 | -3.4% |
| 4 Bedrooms | 106 | 110 | +3.8% |
| 5+ Bedrooms | 49 | 50 | +2.0% |
Summary: The Isle of Wight County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 29 | -48.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Isle of Wight County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Isle of Wight County in November 2024, down by 48.2% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Isle of Wight County, VA
How long does it take to sell a home in Isle of Wight County, VA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 54 Days | +27.2% |
Summary: Homes in Isle of Wight County had an average of 54 days on market in Nov 2024, up by 27.2% compared to last month.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Isle of Wight County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in Isle of Wight County; 52% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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