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 March 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

$335,333

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,333(+6.5%)

Key Takeaway

Homes in King William County have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in King William County was $335,333 in March 2024, up 6.5% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$165K
N/A
2 $242.4K$266K
+9.7%
3 $300.5K$330K
+9.8%
4 $360.2K$362K
0.5%
5+ $406.5K$450K
+10.7%

Summary: King William 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 9.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Counties

King and Queen County
+8.2%
King William County
+6.5%
Hanover County
+5.4%
New Kent County
0.5%
Caroline County
-1.5%

Housing Supply in King William County, VA

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

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
166179+7.8%

Summary: The King William County real estate market had 179 homes for sale in March 2024, a 7.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1316
+23.1%
3 8698
+14.0%
4 4141
0.0%
5+ 2624
-7.7%

Summary: The King William County 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 increased by 23.1%, 3 bedroom homes increased by 14%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1830+66.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 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 County, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in King William County in March 2024, up by 66.7% month-over-month. Of the 26 sold homes, 54% were sold under asking, 35% were sold at asking, and 12% 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

Mar 2023Mar 2024CHANGE
43 Days29 Days-32.2%

Summary: Homes in King William County had an average of 29 days on market in Mar 2024, down by 32.2% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 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 March 2024, 30 homes were sold in King William County; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% 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 County, VA

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