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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middlesex County is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Middlesex County was a Seller's Market.

Key Takeaway

Middlesex 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 Middlesex County, VA

How much do homes in Middlesex County, VA cost?

Median Sold Price

$380,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$15,000(+4.1%)

Key Takeaway

Homes in Middlesex County have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Middlesex County was $380,000 in December 2024, up 4.1% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $250K$525K
+110.0%
2 $355K$349K
-1.7%
3 $367.5K$362K
-1.5%
4 $365K$552.5K
+51.4%
5+ $600K$1.0M
+79.2%

Summary: Middlesex County housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 110%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 51.4%, and 5+ bedroom homes increased by 79.2%.

Median Sold Price Compared To Nearby Counties

Essex County
+11.3%
Gloucester County
+9.2%
Mathews County
+4.2%
Middlesex County
+4.1%
King and Queen County
+0.9%

Housing Supply in Middlesex County, VA

How many homes are available in Middlesex County, VA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
124122-1.6%

Summary: The Middlesex County real estate market had 122 homes for sale in December 2024, a 1.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 02
+100.0%
2 1312
-7.7%
3 7674
-2.6%
4 2827
-3.6%
5+ 77
0.0%

Summary: The Middlesex County housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1518+20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer38%38%25%

Key Takeaway

If you're buying a home in Middlesex County, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Middlesex County in December 2024, up by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.

Days on Market for Middlesex County, VA

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

Average Sale Time

Dec 2023Dec 2024CHANGE
25 Days28 Days+13.3%

Summary: Homes in Middlesex County had an average of 28 days on market in Dec 2024, up by 13.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times56%39%6%

Key Takeaway

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

Summary: During December 2024, 18 homes were sold in Middlesex County; 56% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% 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 7 Days Ago

Newest Listings in Middlesex County, VA

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