Is King George, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, King George has remained a Seller's Market.
Housing Prices in King George, VA
How much do homes in King George, VA cost?
Median Sold Price
$439,999
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in King George was $439,999 in April 2024, up 5% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230.8K | - | N/A |
2 Bedrooms | $235K | $244K | +3.8% |
3 Bedrooms | $371.2K | $393K | +5.8% |
4 Bedrooms | $442.5K | $485K | +9.6% |
5+ Bedrooms | $500K | $499.9K | 0% |
Summary: King George housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
James Monroe | $400K | $425K | +6.3% |
King George | $418.9K | $439.9K | +5.0% |
Dahlgren | $372K | $385K | +3.5% |
James Madison | $439K | $447.6K | +2.0% |
Housing Supply in King George, VA
How many homes are available in King George, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
124 | 127 | +2.4% |
Summary: The King George real estate market had 127 homes for sale in April 2024, a 2.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 6 | +500.0% |
3 Bedrooms | 50 | 50 | 0.0% |
4 Bedrooms | 54 | 52 | -3.7% |
5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The King George housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 500%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 25 | -24.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in King George in April 2024, down by 24.2% month-over-month. Of the 25 sold homes, 32% were sold under asking, 40% were sold at asking, and 28% were sold over asking.
Days on Market for King George, VA
How long does it take to sell a home in King George, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 49 Days | +304.2% |
Summary: Homes in King George had an average of 49 days on market in Apr 2024, up by 304.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in King George; 68% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.