Is James City County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, James City County was a Buyer's Market.
Key Takeaway
James City County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in James City County, VA
How much do homes in James City County, VA cost?
Median Sold Price
$465,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in James City County have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in James City County was $465,000 in March 2024, up 2.9% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.6K | $285K | +65.1% |
| 2 Bedrooms | $276K | $259K | -6.2% |
| 3 Bedrooms | $375K | $405.9K | +8.3% |
| 4 Bedrooms | $540K | $580K | +7.4% |
| 5+ Bedrooms | $677K | $744.2K | +9.9% |
Summary: James City County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.1%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Counties
| Gloucester County | $310K | $335.1K | +8.1% |
| Charles City County | $270K | $289.9K | +7.4% |
| James City County | $451.8K | $465K | +2.9% |
| New Kent County | $410.3K | $412.3K | 0.5% |
Housing Supply in James City County, VA
How many homes are available in James City County, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 509 | 612 | +20.2% |
Summary: The James City County real estate market had 612 homes for sale in March 2024, a 20.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 38 | 47 | +23.7% |
| 3 Bedrooms | 217 | 251 | +15.7% |
| 4 Bedrooms | 196 | 244 | +24.5% |
| 5+ Bedrooms | 56 | 66 | +17.9% |
Summary: The James City County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 104 | 120 | +15.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in James City County, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 120 homes were sold or pending in James City County in March 2024, up by 15.4% month-over-month. Of the 22 sold homes, 18% were sold under asking, 32% were sold at asking, and 50% were sold over asking.
Days on Market for James City County, VA
How long does it take to sell a home in James City County, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 53 Days | +43.2% |
Summary: Homes in James City County had an average of 53 days on market in Mar 2024, up by 43.2% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in James City County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 120 homes were sold in James City County; 66% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
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