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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Poquoson is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Poquoson has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Poquoson, VA

How much do homes in Poquoson, VA cost?

Median Sold Price

$625,000

$184/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$269,000(+75.6%)

Key Takeaway

Homes in Poquoson have sold for 75.6% more than they did a month ago.

Summary: The median home sold price in Poquoson was $625,000 in October 2024, up 75.6% from last month, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $356K-
N/A
4 --
N/A
5+ -$625K
N/A

Summary: Poquoson housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Poquoson
+75.6%
Hampton
-10.0%
Yorktown
-22.8%

Housing Supply in Poquoson, VA

How many homes are available in Poquoson, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
114118+3.5%

Summary: The Poquoson real estate market had 118 homes for sale in October 2024, a 3.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 14
+300.0%
3 4135
-14.6%
4 4246
+9.5%
5+ 2932
+10.3%

Summary: The Poquoson housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 10.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2021+5.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Poquoson, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Poquoson in October 2024, up by 5.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Poquoson, VA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
11 Days37 Days+238.7%

Summary: Homes in Poquoson had an average of 37 days on market in Oct 2024, up by 238.7% compared to last month.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 21 homes were sold in Poquoson; 57% of homes were sold within 30 days, 33% 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 20 Days Ago

Newest Listings in Poquoson, VA

Nearby Markets to Poquoson, VA

What housing markets are near Poquoson, VA?