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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing King William County is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in King William County, VA

How much do homes in King William County, VA cost?

Median Sold Price

$338,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$13,000(+4.0%)

Key Takeaway

Homes in King William County have sold for 4% more than they did a year ago.

Summary: The median home sold price in King William County was $338,000 in June 2024, up 4% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$165K
N/A
2 $253.9K$262.2K
+3.3%
3 $319.9K$332K
+3.8%
4 $380K$374.9K
-1.3%
5+ $406.5K$450K
+10.7%

Summary: King William County 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 increased by 3.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Counties

King and Queen County
+6.5%
Caroline County
+6.2%
Hanover County
+4.6%
King William County
+4.0%
New Kent County
+1.1%

Housing Supply in King William County, VA

How many homes are available in King William County, VA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
172177+2.9%

Summary: The King William County real estate market had 177 homes for sale in June 2024, a 2.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 1413
-7.1%
3 9197
+6.6%
4 4949
0.0%
5+ 1818
0.0%

Summary: The King William County 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 decreased by 7.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
2635+34.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in King William County, you could pay more than the asking price. 39.3% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in King William County in June 2024, up by 34.6% month-over-month. Of the 28 sold homes, 32% were sold under asking, 29% were sold at asking, and 39% were sold over asking.

Days on Market for King William County, VA

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

Average Sale Time

Jun 2023Jun 2024CHANGE
21 Days66 Days+216.0%

Summary: Homes in King William County had an average of 66 days on market in Jun 2024, up by 216% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 35 homes were sold in King William County; 51% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 26% 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 County, VA

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