Is Kilmarnock, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kilmarnock is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Kilmarnock has remained a Buyer's Market.

Key Takeaway

Kilmarnock is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Kilmarnock, VA

How much do homes in Kilmarnock, VA cost?

Median Sold Price

$425,000

$244/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$122,500(-22.4%)

Key Takeaway

Homes in Kilmarnock have sold for 22.4% less than they did a month ago.

Summary: The median home sold price in Kilmarnock was $425,000 in September 2024, down 22.4% from last month, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $625K$394.9K
-36.8%
4 $470K$1.0M
+112.8%
5+ --
N/A

Summary: Kilmarnock housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 36.8%, 4 bedroom homes increased by 112.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Kilmarnock
-22.4%
Kilmarnock
-22.4%

Housing Supply in Kilmarnock, VA

How many homes are available in Kilmarnock, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5764+12.3%

Summary: The Kilmarnock real estate market had 64 homes for sale in September 2024, a 12.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 711
+57.1%
3 3539
+11.4%
4 1312
-7.7%
5+ 22
0.0%

Summary: The Kilmarnock housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kilmarnock, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Kilmarnock in September 2024, up by 150.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Kilmarnock, VA

How long does it take to sell a home in Kilmarnock, VA?

Average Sale Time

Aug 2024Sep 2024CHANGE
23 Days11 Days-49.6%

Summary: Homes in Kilmarnock had an average of 11 days on market in Sep 2024, down by 49.6% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kilmarnock are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 5 homes were sold in Kilmarnock; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Kilmarnock, VA

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