$314K  
The Essex County market pulled back with an 11.8% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (9.8) with 15 homes sold. Within the same time period, Charles County had 253 sales, the most of all counties in the area. Potential buyers should note that prices went up in Essex County, with the median for this period rising from $149,900 to $150,450. Essex County is a strong buyer's market, due to a big 10 months of inventory left and aided by the dip in sales.
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Essex County is a county in Virginia with a median income of $49,404 per household. Besides being somewhat affluent, its population is younger than others with a median age of 43 years. Its three largest zip codes are 22560, 22454, and 23148. The Essex County market almost exclusively consists of detached houses, accounting for 91% of the current homes in the area. Heading the list of top schools in the county is Essex High School.
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$299K  
The Essex County market was solid in this week's report, as the number of home sales climbed 21.4%, pushing the total to 17 homes sold over the last 30 days. To put it in perspective, close-by Charles County registered 240 home sales in the same period, the most of all surrounding counties. Prices are rising in Essex County, and the median sales price this period increased from $136,950 to $149,900. Despite the uptick in sales, there are still nine months of inventory left to work through, meaning Essex County is still a solid buyer's market.
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$449K  
Over the last 30 days, the Essex County market got good news with 14 homes sold. It marks a 55.6% increase from last week's report, while also topping the average sales volume for the prior 12 months. At the same time, Charles County reported 248 home sales, the highest number from all the surrounding counties. Prices are rising in Essex County, and the median sales price this period increased from $124,000 to $136,950. Even after the uptick in sales, an elevated 10 months of inventory tells us that Essex County is still a solid buyer's market.
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$110K  
With nine homes sold in the Essex County market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with 25 new listings for buyers to choose from. Prices took a turn lower, with the median sales price falling to a three-month low at $124,000. With prices falling, the availability of 15 months of inventory means that Essex County is a solid buyer's market.
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$157K  
The Essex County market closed in on its 12-month sales average this week as sales climbed 80.0% to reach nine homes sold over the last 30 days. In comparison, nearby Charles County had 244 sales in the same time frame, the most of all neighboring counties. Prices are falling in Essex County, and this period the median price of all sales fell from $238,500 to $149,900. Despite the uptick in sales, there are still 15 months of inventory left to work through, meaning Essex County is still a strong buyer's market.
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$859K  
The number of sellers reducing prices in the Essex County market trended up to 18 over the last 30 days, extending a six-week streak. During the same period, five sales were completed. While price reduction numbers rose, sale prices climbed as well. This week's reported median sales price of $238,500 continued a four-week upswing. Essex County is a definite buyer's market, due to a big 26 months of inventory left and aided by the dip in sales.
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The population of Essex County is growing faster than the rest of Virginia, at a 10-year growth rate of 11.6%. It's a small county compared to the rest of the state, with 11,151 residents. 22560, 22454, and 23148 are its three most populated zip codes. Essex County is made up of homes that are relatively old with a median of 32 years. Heading the list of top schools in the county is Essex High School.
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$198K  
The Essex County market pulled back with a 10.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (8.6) with nine homes sold. In comparison, nearby Charles County had 231 sales in the same time frame, the most of all neighboring counties. The median sales price rose to $174,000, up from last week's $161,750. With decreasing sales and the availability of 12 months of inventory, Essex County is a definite buyer's market.
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$199K  
The number of price cuts in the Essex County market climbed to 18 over the last 30 days, furthering a recent positive trend. Despite drops in list prices, sales also decreased to 12 homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Potential buyers should note that prices went up in Essex County, with the median for this period rising from $148,000 to $148,750. With decreasing sales and the availability of eight months of inventory, Essex County is a definite buyer's market.
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