Is King George 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, King George County was a Neutral Market.
Housing Prices in King George County, VA
How much do homes in King George County, VA cost?
Median Sold Price
$439,959
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in King George County was $439,959 in March 2024, up 4.8% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230.8K | - | N/A |
2 Bedrooms | $167.5K | $262K | +56.4% |
3 Bedrooms | $371.2K | $390.9K | +5.3% |
4 Bedrooms | $442.5K | $477.1K | +7.8% |
5+ Bedrooms | $495K | $502.5K | +1.5% |
Summary: King George County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Counties
Essex County | $254.9K | $282.5K | +10.8% |
Westmoreland County | $290K | $305K | +5.2% |
King George County | $419.9K | $439.9K | +4.8% |
Stafford County | $490.2K | $500K | +2.0% |
Caroline County | $335K | $330K | -1.5% |
Housing Supply in King George County, VA
How many homes are available in King George County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
212 | 218 | +2.8% |
Summary: The King George County real estate market had 218 homes for sale in March 2024, a 2.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 82 | 82 | 0.0% |
4 Bedrooms | 92 | 94 | +2.2% |
5+ Bedrooms | 32 | 36 | +12.5% |
Summary: The King George 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 decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 27 | +12.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in King George County in March 2024, up by 12.5% month-over-month. Of the 27 sold homes, 41% were sold under asking, 33% were sold at asking, and 26% were sold over asking.
Days on Market for King George County, VA
How long does it take to sell a home in King George County, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 38 Days | -17.6% |
Summary: Homes in King George County had an average of 38 days on market in Mar 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in King George County; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.