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 June 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

$345,000

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$13,858(+4.2%)

Key Takeaway

Homes in King William have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in King William was $345,000 in June 2024, up 4.2% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $334.5K$250K
-25.3%
3 $322K$345K
+7.1%
4 $350K$447.5K
+27.9%
5+ $510K$375K
-26.5%

Summary: King William housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes decreased by 26.5%.

Median Sold Price Compared To Nearby Cities

Saint Stephens Church
+9.4%
Acquinton
+6.9%
King William
+4.2%
New Kent
+1.8%
Walkerton
-5.9%

Housing Supply in King William, VA

How many homes are available in King William, VA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
11110.0%

Summary: The King William real estate market had 11 homes for sale in June 2024, the same as May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1010
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The King William housing inventory by bedroom type for June 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

May 2024Jun 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in King William, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in King William in June 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Jun 2023Jun 2024CHANGE
10 Days20 Days+95.0%

Summary: Homes in King William had an average of 20 days on market in Jun 2024, up by 95% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was 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 June 2024, 3 homes were sold in King William; 67% of homes were sold within 30 days, 33% 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 21 Days Ago

Newest Listings in King William, VA

Nearby Markets to King William, VA

What housing markets are near King William, VA?