Is King and Queen County, 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 and Queen County has remained a Seller's Market.
Housing Prices in King and Queen County, VA
How much do homes in King and Queen County, VA cost?
Median Sold Price
$282,400
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in King and Queen County was $282,400 in April 2024, up 10.7% 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 | - | - | N/A |
2 Bedrooms | $170K | $224.9K | +32.3% |
3 Bedrooms | $263.2K | $295K | +12.1% |
4 Bedrooms | $184.9K | $502.5K | +171.7% |
5+ Bedrooms | $480.9K | - | N/A |
Summary: King and Queen County 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 32.3%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 171.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Essex County | $254.9K | $290K | +13.7% |
King and Queen County | $255K | $282.4K | +10.7% |
King William County | $319.8K | $335.3K | +4.8% |
Middlesex County | $365K | $375K | +2.7% |
Caroline County | $332.2K | $335K | +0.8% |
Housing Supply in King and Queen County, VA
How many homes are available in King and Queen County, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 29 | +16.0% |
Summary: The King and Queen County real estate market had 29 homes for sale in April 2024, a 16.0% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The King and Queen County 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in King and Queen County in April 2024, up by 20.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for King and Queen County, VA
How long does it take to sell a home in King and Queen County, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 41 Days | +25.9% |
Summary: Homes in King and Queen County had an average of 41 days on market in Apr 2024, up by 25.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in King and Queen County; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.