Mangohick Housing Market Report December 2024•King William County, Virginia

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Housing Prices in Mangohick, VA

How much do homes in Mangohick, VA cost?

Housing Market Conditions

Is Mangohick, 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

Mangohick is a Seller's Market

Difference Since December 2023

At the same time last year, Mangohick was a Buyer's Market.

Insight

Mangohick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$364,950$223/SqFt
+$34,950
+10.6%

Based on all homes sold in the last 12 months

Insight

Homes in Mangohick have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Mangohick was $364,950 in December 2024, up 10.6% from last year, and the median price per square foot was $223.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Mangohick
+10.6%
Aylett
+8.9%

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--
N/A
2$227.5K$217K
-4.6%
3$330K$355K
+7.6%
4$354K$462K
+30.5%
5$308K$491K
+59.4%

Summary: Mangohick 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 decreased by -4.6%. The home price for 3 bedroom homes increased by +7.6%. The home price for 4 bedroom homes increased by +30.5%. The home price for 5 bedroom homes increased by +59.4%.

Housing supply in Mangohick, VA

How many homes are available in Mangohick, 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 Mangohick 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
4Last MonthDec 2024
32 months agoNov 2024
+33.3 %
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%
211
0.0%
31111
0.0%
443
-25.0%
521
-50.0%

Summary: Mangohick 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 remained the same. The inventory for 4 bedroom homes decreased by -25.0%. The inventory for 5 bedroom homes decreased by -50.0%.

Asking Price vs. Sold Price

How much do homes in Mangohick, 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 Price3 Homes

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Mangohick, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Mangohick in December 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and and 75% were sold over asking.

Days on Market for Mangohick, VA

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in Mangohick has remained consistent over time.

Summary: During December 2024, 4 homes were sold in Mangohick; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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
50 DaysThis YearDec 2024
3 Days1 year agoDec 2023
+1591.7 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Mangohick had an average listing age of 50 days in Dec 2024, up by 1591.7% compared to the previous year.

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Newest Listings in Mangohick, VA

What homes are available in Mangohick, VA?

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MLS Disclaimers and Copyright

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

IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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, 2:20:54 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, 2:16:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.