23109 Housing Market Report December 2024•Mathews County, Virginia

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Housing Prices in 23109, VA

How much do homes in 23109, VA cost?

Housing Market Conditions

Is 23109, VA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

23109 is a Buyer's Market

Difference Since December 2023

At the same time last year, 23109 was a Seller's Market.

Insight

23109 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$365,000$212/SqFt
+$32,550
+9.8%

Based on all homes sold in the last 12 months

Insight

Homes in 23109 have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in 23109 was $365,000 in December 2024, up 9.8% from last year, and the median price per square foot was $212.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1-$149.9K
N/A
2$202K$282.5K
+39.9%
3$295K$349.9K
+18.6%
4$855K$651K
-23.9%
5$400K$444.3K
+11.1%

Summary: 23109 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +39.9%. The home price for 3 bedroom homes increased by +18.6%. The home price for 4 bedroom homes decreased by -23.9%. The home price for 5 bedroom homes increased by +11.1%.

Housing supply in 23109, VA

How many homes are available in 23109, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
16Last MonthDec 2024
182 months agoNov 2024
-11.1 %
Change MoMNov – Dec

Summary: The 23109 real estate market had 16 homes for sale in Dec 2024, a 11.1 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthDec 2024
22 months agoNov 2024
0.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
288
0.0%
364
-33.3%
411
0.0%
533
0.0%

Summary: 23109 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -33.3%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 23109, VA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in 23109, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 23109 in December 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and and 50% were sold over asking.

Days on Market for 23109, VA

How long does it take to sell a home in 23109, VA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in 23109 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 23109; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
29 DaysThis YearDec 2024
113 Days1 year agoDec 2023
-74.1 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in 23109 had an average listing age of 29 days in Dec 2024, down by 74.1% compared to the previous year.

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Newest Listings in 23109, VA

What homes are available in 23109, VA?

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MLS Disclaimers and Copyright

Based on information from Central Virginia Regional MLS, Real Estate Information Network, and Northern Neck Association of Realtors MLS for the period 01/01/2023 - 01/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/19/2025, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Northern Neck Association of Realtors MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NNMLS. Information is for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/19/2025, 1:16:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.