Is King and Queen County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing King and Queen County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, King and Queen County has remained a Seller's Market.

Key Takeaway

King and Queen County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$27,400(+10.7%)

Key Takeaway

Homes in King and Queen County have sold for 10.7% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $170K$224.9K
+32.3%
3 $263.2K$295K
+12.1%
4 $184.9K$502.5K
+171.7%
5+ $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
+13.7%
King and Queen County
+10.7%
King William County
+4.8%
Middlesex County
+2.7%
Caroline County
+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 2024Apr 2024CHANGE
2529+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

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 33
0.0%
3 1515
0.0%
4 36
+100.0%
5+ 34
+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 2024Apr 2024CHANGE
56+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in King and Queen County, you may be able to get a good deal. 60% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
32 Days41 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in King and Queen County are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 9 Days Ago

Newest Listings in King and Queen County, VA

Nearby Markets to King and Queen County, VA

What housing markets are near King and Queen County, VA?