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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southampton County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Southampton County has remained a Buyer's Market.

Key Takeaway

Southampton County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Southampton County, VA

How much do homes in Southampton County, VA cost?

Median Sold Price

$305,000

$183/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$10,000(-3.2%)

Key Takeaway

Homes in Southampton County have sold for 3.2% less than they did a month ago.

Summary: The median home sold price in Southampton County was $305,000 in November 2024, down 3.2% from last month, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $315K-
N/A
4 -$305K
N/A
5+ --
N/A

Summary: Southampton 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Sussex County
+50.5%
Isle of Wight County
+28.5%
Southampton County
-3.2%

Housing Supply in Southampton County, VA

How many homes are available in Southampton County, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6266+6.5%

Summary: The Southampton County real estate market had 66 homes for sale in November 2024, a 6.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 73
-57.1%
3 3035
+16.7%
4 2225
+13.6%
5+ 33
0.0%

Summary: The Southampton 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 57.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

0 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 Southampton County, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Southampton County in November 2024, up by 14.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Southampton County, VA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
22 Days49 Days+121.0%

Summary: Homes in Southampton County had an average of 49 days on market in Nov 2024, up by 121% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Southampton County; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 Southampton County, VA

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