Is King William, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing King William is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, King William has remained a Seller's Market.

Key Takeaway

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

Housing Prices in King William, VA

How much do homes in King William, VA cost?

Median Sold Price

$335,000

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$37,000(+12.4%)

Key Takeaway

Homes in King William have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in King William was $335,000 in March 2024, up 12.4% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $181K$250K
+38.1%
3 $294K$335K
+13.9%
4 $353.4K$323.5K
-8.5%
5+ $510K$375K
-26.5%

Summary: King William 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 38.1%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 26.5%.

Median Sold Price Compared To Nearby Cities

King William
+12.4%
Acquinton
+6.5%
New Kent
+1.6%

Housing Supply in King William, VA

How many homes are available in King William, VA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
10100.0%

Summary: The King William real estate market had 10 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 88
0.0%
4 11
0.0%
5+ 11
0.0%

Summary: The King William housing inventory by bedroom type for March 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in King William, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in King William in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for King William, VA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
80 Days55 Days-30.4%

Summary: Homes in King William had an average of 55 days on market in Mar 2024, down by 30.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 3 homes were sold in King William; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 26 Days Ago

Newest Listings in King William, VA

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