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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Matoaca is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Matoaca has remained a Seller's Market.

Key Takeaway

Matoaca is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Matoaca, VA

How much do homes in Matoaca, VA cost?

Median Sold Price

$483,197

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$32,824(+7.3%)

Key Takeaway

Homes in Matoaca have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Matoaca was $483,197 in December 2024, up 7.3% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $259.6K$269.5K
+3.8%
2 $340.5K$351.7K
+3.3%
3 $372K$390.2K
+4.9%
4 $480K$523.2K
+9.0%
5+ $650.6K$676.2K
+3.9%

Summary: Matoaca housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 3.9%.

Median Sold Price Compared To Nearby Cities

Chesterfield
+7.9%
Matoaca
+7.3%
Clover Hill
+6.7%
Dale
+5.6%
Moseley
-0.2%

Housing Supply in Matoaca, VA

How many homes are available in Matoaca, VA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
643583-9.3%

Summary: The Matoaca real estate market had 583 homes for sale in December 2024, a 9.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 127
-41.7%
2 5959
0.0%
3 220209
-5.0%
4 216186
-13.9%
5+ 136122
-10.3%

Summary: The Matoaca housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 41.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes decreased by 10.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
133163+22.6%

Asking Price vs. Sold Price

65 Homes Were Sold
Under Asking

39 Homes Were Sold
At Asking

58 Homes Were Sold
Over Asking

Asking vs Sold - buyer40%36%24%

Key Takeaway

If you're buying a home in Matoaca, you may be able to get a good deal. 40.1% of homes here sold below asking price last month.

Summary: A total of 163 homes were sold or pending in Matoaca in December 2024, up by 22.6% month-over-month. Of the 162 sold homes, 40% were sold under asking, 24% were sold at asking, and 36% were sold over asking.

Days on Market for Matoaca, VA

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

Average Sale Time

Dec 2023Dec 2024CHANGE
32 Days36 Days+12.1%

Summary: Homes in Matoaca had an average of 36 days on market in Dec 2024, up by 12.1% compared to last year.

Breakdown of Home Sale Times

95 Homes Were Sold
Under 30 Days

51 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times58%31%10%

Key Takeaway

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

Summary: During December 2024, 163 homes were sold in Matoaca; 58% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 10% 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 8 Days Ago

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