$5,284 Closing Credit*
$445,000
1,612 SqFt
3 Beds
•2 Full Baths
Miguel Collado, Listing Office: Howard Hanna William E Wood
Is Mathews County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mathews County was a Seller's 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
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,100(+4.2%)
Key Takeaway
Homes in Mathews County have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Mathews County was $375,000 in November 2024, up 4.2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335.7K | $297.9K | -11.3% |
| 2 Bedrooms | $291K | $255K | -12.4% |
| 3 Bedrooms | $374.9K | $379.9K | +1.3% |
| 4 Bedrooms | $515K | $633K | +22.9% |
| 5+ Bedrooms | $915K | $444.3K | -51.4% |
Summary: Mathews County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes decreased by 12.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 51.4%.
Median Sold Price Compared To Nearby Counties
| Gloucester County | $324K | $354.5K | +9.4% |
| Middlesex County | $359.5K | $388K | +7.9% |
| Mathews County | $359.9K | $375K | +4.2% |
Housing Supply in Mathews County, VA
How many homes are available in Mathews County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 101 | -1.9% |
Summary: The Mathews County real estate market had 101 homes for sale in November 2024, a 1.9% decrease 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 | 14 | 14 | 0.0% |
| 3 Bedrooms | 57 | 57 | 0.0% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Mathews 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 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. 42.9% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Mathews County in November 2024, down by 23.1% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 35 Days | +3.4% |
Summary: Homes in Mathews County had an average of 35 days on market in Nov 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
5 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 November 2024, 10 homes were sold in Mathews County; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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