Is Gloucester County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Gloucester County has remained a Seller's Market.
Housing Prices in Gloucester County, VA
How much do homes in Gloucester County, VA cost?
Median Sold Price
$335,875
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gloucester County was $335,875 in April 2024, up 7.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210.9K | $235.7K | +11.8% |
2 Bedrooms | $247K | $281.2K | +13.9% |
3 Bedrooms | $300K | $338.5K | +12.8% |
4 Bedrooms | $424.7K | $409.9K | -3.5% |
5+ Bedrooms | $400K | $530K | +32.5% |
Summary: Gloucester County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 32.5%.
Median Sold Price Compared To Nearby Counties
King and Queen County | $255K | $282.4K | +10.7% |
Gloucester County | $313.3K | $335.8K | +7.2% |
Middlesex County | $365K | $375K | +2.7% |
Mathews County | $393.6K | $359.9K | -8.6% |
Housing Supply in Gloucester County, VA
How many homes are available in Gloucester County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
307 | 330 | +7.5% |
Summary: The Gloucester County real estate market had 330 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 44 | 52 | +18.2% |
3 Bedrooms | 163 | 180 | +10.4% |
4 Bedrooms | 71 | 69 | -2.8% |
5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Gloucester County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
72 | 58 | -19.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in Gloucester County in April 2024, down by 19.4% month-over-month. Of the 28 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for Gloucester County, VA
How long does it take to sell a home in Gloucester County, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 43 Days | -2.3% |
Summary: Homes in Gloucester County had an average of 43 days on market in Apr 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 58 homes were sold in Gloucester County; 62% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.