Is Mathews, 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, Mathews has remained a Seller's Market.
Housing Prices in Mathews, VA
How much do homes in Mathews, VA cost?
Median Sold Price
$350,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mathews was $350,000 in April 2024, up 12.9% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249.9K | - | N/A |
2 Bedrooms | $384.9K | $208.4K | -45.8% |
3 Bedrooms | $325K | $267.1K | -17.8% |
4 Bedrooms | $302K | $830K | +174.8% |
5+ Bedrooms | $610K | $400K | -34.4% |
Summary: Mathews housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 45.8%, 3 bedroom homes decreased by 17.8%, 4 bedroom homes increased by 174.8%, and 5+ bedroom homes decreased by 34.4%.
Median Sold Price Compared To Nearby Cities
Mathews | $310K | $350K | +12.9% |
Chesapeake | $377.4K | $415K | +9.9% |
Westville | $454.9K | $468.9K | +3.1% |
Housing Supply in Mathews, VA
How many homes are available in Mathews, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 30 | +15.4% |
Summary: The Mathews real estate market had 30 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Mathews housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mathews in April 2024, up by 500.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Mathews, VA
How long does it take to sell a home in Mathews, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
124 Days | 3 Days | -97.5% |
Summary: Homes in Mathews had an average of 3 days on market in Apr 2024, down by 97.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Mathews; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.