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 buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, King William was a Seller's Market.

Key Takeaway

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

Housing Prices in King William, VA

How much do homes in King William, VA cost?

Median Sold Price

$343,500

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$7,500(+2.2%)

Key Takeaway

Homes in King William have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in King William was $343,500 in September 2024, up 2.2% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $250K$195K
-22.0%
3 $335K$343.5K
+2.5%
4 $343.5K$430K
+25.2%
5+ $553.4K$375K
-32.2%

Summary: King William housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes decreased by 32.2%.

Median Sold Price Compared To Nearby Cities

Acquinton
+5.2%
New Kent
+3.4%
King William
+2.2%

Housing Supply in King William, VA

How many homes are available in King William, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1613-18.8%

Summary: The King William real estate market had 13 homes for sale in September 2024, a 18.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1311
-15.4%
4 32
-33.3%
5+ 00
0.0%

Summary: The King William 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 remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 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, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in King William in September 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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

Sep 2023Sep 2024CHANGE
4 Days4 Days-15.8%

Summary: Homes in King William had an average of 4 days on market in Sep 2024, down by 15.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 King William are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in King William; 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 24 Days Ago

Newest Listings in King William, VA

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