Is Mecklenburg County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mecklenburg County is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Mecklenburg County was a Seller's Market.

Key Takeaway

Mecklenburg County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mecklenburg County, VA

How much do homes in Mecklenburg County, VA cost?

Median Sold Price

$632,500

$245/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$324,620(+105.4%)

Key Takeaway

Homes in Mecklenburg County have sold for 105.4% more than they did a month ago.

Summary: The median home sold price in Mecklenburg County was $632,500 in November 2024, up 105.4% from last month, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $427.6K-
N/A
3 $299.9K$550K
+83.4%
4 $336.2K$1.1M
+246.5%
5+ -$425K
N/A

Summary: Mecklenburg 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 83.4%, 4 bedroom homes increased by 246.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Lunenburg County
+174.4%
Mecklenburg County
+105.4%

Housing Supply in Mecklenburg County, VA

How many homes are available in Mecklenburg County, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3932-17.9%

Summary: The Mecklenburg County real estate market had 32 homes for sale in November 2024, a 17.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 64
-33.3%
3 2117
-19.0%
4 98
-11.1%
5+ 22
0.0%

Summary: The Mecklenburg 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 decreased by 33.3%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
145-64.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mecklenburg County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Mecklenburg County in November 2024, down by 64.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Mecklenburg County, VA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
51 Days42 Days-18.3%

Summary: Homes in Mecklenburg County had an average of 42 days on market in Nov 2024, down by 18.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Mecklenburg County; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 2 Days Ago

Newest Listings in Mecklenburg County, VA

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