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 October 2023

Since last year, 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

$247,500

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$62,500(-20.2%)

Key Takeaway

Homes in Surry County have sold for 20.2% less than they did a year ago.

Summary: The median home sold price in Surry County was $247,500 in October 2024, down 20.2% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $232K$134K
-42.3%
3 $310K$330K
+6.5%
4 $441K$330.5K
-25.1%
5+ --
N/A

Summary: Surry County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 42.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 25.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Sussex County
+13.7%
Charles City County
+9.2%
Prince George County
+7.1%
Surry County
-20.2%

Housing Supply in Surry County, VA

How many homes are available in Surry County, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5057+14.0%

Summary: The Surry County real estate market had 57 homes for sale in October 2024, a 14.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2627
+3.8%
4 1418
+28.6%
5+ 911
+22.2%

Summary: The Surry County 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 remained the same, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
62-66.7%

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

Summary: A total of 2 homes were sold or pending in Surry County in October 2024, down by 66.7% 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 Surry County, VA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days202 Days+417.9%

Summary: Homes in Surry County had an average of 202 days on market in Oct 2024, up by 417.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Surry County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 2 homes were sold in Surry County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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

Nearby Markets to Surry County, VA

What housing markets are near Surry County, VA?