Real Estate Market Update for Isle Of Wight County, VA
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 200% from one year earlier, and down 25% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 440-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 500%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 370-thousand dollars. The number of units sold was consistent year-over-year, and increased 100% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Isle Of Wight County, VA
Area Information for Isle Of Wight County, VA
  • Population: 37,286
  • Median Age: 45.71 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 118/sq mi
  • Population Change Since 2000: 25.43%
  • Closest Airport: Newport News/williamsburg International
  • Closest College: Christopher Newport University
  • Closest Jr. College: Thomas Nelson Community College
  • Median Household Income: $68,160
  • Annual Residential Turnover: 9%
  • Median Home Sales Price: $172,500
  • Closest Major Sports Team: Norfolk Tides (aaa)
  • Change Avg. Household Income Since 2000: 54.21%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Isle Of Wight County, VA
Median Age: 45.71 Married: 48% Number of Households: 14,526 Households with Children: 4,012
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Isle Of Wight County, VA

      School Name Distance Type Grades School Rating Parent Rating
      Windsor Elementary School 2.6 mi Public PRESCHOOL-5 3 0
      Isle Of Wight Academy 3.1 mi Private PRESCHOOL-12 0 0
      Georgie D Tyler Middle School 4.2 mi Public 6-8 4 0
      Windsor High School 4.7 mi Public 9-12 4 0
      Smithfield High School 7.6 mi Public 9-12 2 0
      Smithfield Middle School 7.6 mi Public 7-8 3 0
      Westside Elementary School 8.0 mi Public 4-6 2 0
      Carrollton Elementary School 9.2 mi Public K-3 0 0
      Hardy Elementary School 10.8 mi Public PRESCHOOL-4 2 0
      Carrsville Elementary School 13.1 mi Public PRESCHOOL-5 3 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Isle Of Wight County, VA
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.