Is Mecklenburg County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mecklenburg County has remained a Seller's Market.
Housing Prices in Mecklenburg County, VA
How much do homes in Mecklenburg County, VA cost?
Median Sold Price
$315,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mecklenburg County was $315,000 in May 2024, up 4.7% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $208.5K | $215.1K | +3.2% |
3 Bedrooms | $350K | $318.4K | -9.0% |
4 Bedrooms | $286K | $300K | +4.9% |
5+ Bedrooms | $1.5M | $595K | -60.3% |
Summary: Mecklenburg County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 60.3%.
Median Sold Price Compared To Nearby Counties
Mecklenburg County | $301K | $315K | +4.7% |
Vance County | $249.5K | $249.6K | 0.0% |
Granville County | $317.2K | $315K | -0.7% |
Housing Supply in Mecklenburg County, VA
How many homes are available in Mecklenburg County, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 35 | -5.4% |
Summary: The Mecklenburg County real estate market had 35 homes for sale in May 2024, a 5.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Mecklenburg County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mecklenburg County in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Mecklenburg County, VA
How long does it take to sell a home in Mecklenburg County, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 29 Days | +12.8% |
Summary: Homes in Mecklenburg County had an average of 29 days on market in May 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Mecklenburg County; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.