$3,775 Closing Credit*
$317,900
1,652 SqFt
3 Beds
•2 Full Baths
Jeannie Pierce, Listing Office: RE/MAX Peninsula (Gloucester)
Is Mathews County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Mathews County was a Neutral Market.
Key Takeaway
Mathews County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mathews County, VA
How much do homes in Mathews County, VA cost?
Median Sold Price
$375,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$100(0.0%)
Key Takeaway
The sold price of homes in Mathews County has remained the same since last year.
Summary: The median home sold price in Mathews County was $375,000 in October 2024, the same as last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335.7K | $297.9K | -11.3% |
| 2 Bedrooms | $224K | $255K | +13.8% |
| 3 Bedrooms | $380K | $375K | -1.3% |
| 4 Bedrooms | $515K | $604K | +17.3% |
| 5+ Bedrooms | $915K | $444.3K | -51.4% |
Summary: Mathews County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes increased by 13.8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes decreased by 51.4%.
Median Sold Price Compared To Nearby Counties
| Middlesex County | $359.5K | $392K | +9.0% |
| Gloucester County | $322.3K | $350K | +8.6% |
| Mathews County | $374.9K | $375K | 0.0% |
Housing Supply in Mathews County, VA
How many homes are available in Mathews County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 99 | 113 | +14.1% |
Summary: The Mathews County real estate market had 113 homes for sale in October 2024, a 14.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 52 | 60 | +15.4% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Mathews County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 11 | -38.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mathews County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Mathews County in October 2024, down by 38.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Mathews County, VA
How long does it take to sell a home in Mathews County, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 36 Days | +74.4% |
Summary: Homes in Mathews County had an average of 36 days on market in Oct 2024, up by 74.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mathews County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Mathews County; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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