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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Surry County is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Surry County, VA

How much do homes in Surry County, VA cost?

Median Sold Price

$475,000

$147/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$215,000(+82.7%)

Key Takeaway

Homes in Surry County have sold for 82.7% more than they did a month ago.

Summary: The median home sold price in Surry County was $475,000 in November 2024, up 82.7% from last month, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $260K$475K
+82.7%
4 $334.3K-
N/A
5+ --
N/A

Summary: Surry 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 82.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Surry County
+82.7%
Sussex County
+50.5%
Isle of Wight County
+28.5%

Housing Supply in Surry County, VA

How many homes are available in Surry County, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5453-1.9%

Summary: The Surry County real estate market had 53 homes for sale in November 2024, a 1.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2628
+7.7%
4 1613
-18.8%
5+ 1111
0.0%

Summary: The Surry 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
67+16.7%

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 Surry County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Surry County in November 2024, up by 16.7% 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 Surry County, VA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
85 Days79 Days-7.8%

Summary: Homes in Surry County had an average of 79 days on market in Nov 2024, down by 7.8% compared to last month.

Breakdown of Home Sale Times

3 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 Surry County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Surry County; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 Surry County, VA

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