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

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Mathews is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.3%Sold price ÷ list price
Median days on market48Listing to accepted offer
Median price per sq ft$187▲ +0.8% vs. last year

The Mathews housing market right now

In the three months ending August 31, 2026, 0% of homes in Mathews, VA 23109 sold above their list price, the typical home went under contract in 48 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 7 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (107 days then) and the median sale price rose 27% to $284,877. Overall, Mathews is more competitive than a year ago, so tougher for buyers.

Within Mathews County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Gwynn 23066 (100% sold over asking) and Diggs 23045 (50% sold over asking) are even more competitive.

Run the numbers for 23109

Prefilled for 23109Can I win this house?Multiple-offer likelihood for a listing Prefilled for 23109Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cardinal 23025Seller’s market $104 /sq ftCobbs Creek 23035Seller’s market $198 /sq ftDiggs 23045Seller’s market $174 /sq ftDutton 23050Seller’s market $196 /sq ft Browse all markets →

Towns like Mathews nearby

Find towns like Mathews in other states →
West Point, VA23181 · 27 miles away87% similarlarger Topping, VA23169 · 13 miles away80% similarcheaper homes ($63K less) · smaller Lancaster, VA22503 · 22 miles away80% similarcheaper homes ($39K less) · larger Hampton, VA23664 · 27 miles away78% similarcheaper homes ($25K less) · larger

Where Mathews is

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Questions about Mathews real estate

Is Mathews a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Mathews, VA 23109 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Mathews?

The typical home went under contract in 48 days in the latest three months.

Do homes in Mathews sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.

What are property taxes in Mathews?

About 0.43% of a home’s value a year in Mathews County, or roughly $1,720 on a $400,000 home.

What is the median home price in Mathews?

The median sale price was $284,877 in the three months ending August 31, 2026, about $187 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology