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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mathews is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Mathews was a Neutral Market.

Key Takeaway

Mathews is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mathews, VA

How much do homes in Mathews, VA cost?

Median Sold Price

$382,500

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,050(+15.1%)

Key Takeaway

Homes in Mathews have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in Mathews was $382,500 in November 2024, up 15.1% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$149.9K
N/A
2 $208.4K$282.5K
+35.5%
3 $330K$349.9K
+6.0%
4 $390K$830K
+112.8%
5+ $1.1M$444.3K
-61.4%

Summary: Mathews housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 112.8%, and 5+ bedroom homes decreased by 61.4%.

Median Sold Price Compared To Nearby Cities

Chesapeake
+48.6%
Mathews
+15.1%
Westville
-2.7%

Housing Supply in Mathews, VA

How many homes are available in Mathews, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
18180.0%

Summary: The Mathews real estate market had 18 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 66
0.0%
4 11
0.0%
5+ 43
-25.0%

Summary: The Mathews 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mathews, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Mathews in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
66 Days24 Days-63.6%

Summary: Homes in Mathews had an average of 24 days on market in Nov 2024, down by 63.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Mathews; 50% of homes were sold within 30 days, 50% 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 20 Days Ago

Newest Listings in Mathews, VA

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