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 October 2021

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.

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

Median Sold Price

$288,950

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$29,125(+11.2%)

Key Takeaway

Homes in King William County have sold for 11.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $230.9K$239.8K
+3.8%
3 $251K$286K
+13.9%
4 $297.4K$335K
+12.6%
5+ $423K$510K
+20.6%

Median Sold Price Compared To Nearby Counties

King and Queen County
+21.3%
Caroline County
+17.7%
New Kent County
+12.8%
King William County
+11.2%
Hanover County
+10.9%

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

Number of Homes For Sale

Sep 2022Oct 2022%
134131-2.2%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 2016
-20.0%
3 9190
-1.1%
4 1518
+20.0%
5+ 87
-12.5%

Number of Homes Sold

Sep 2022Oct 2022%
2427+12.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 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. 43.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
11 Days34 Days+205.3%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About King William County, VA

King William County, VA has 131 homes on the market. The number of homes for sale in King William County, VA decreased by 2.2% between September 2022 and October 2022. The median list price of listings available in October 2022 was $288,950, while the average time on the real estate market was 34 days. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 3.8%, 3 bedrooms properties prices increased by 13.9%, prices of 4 bedrooms properties increased by 12.6%, prices of 5 bedrooms properties increased by 20.6%. Volume of homes for sale changed: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 20%, the quantity of 3 bedrooms homes went down by 1.1%, the quantity of 4 bedrooms homes went up by 20%, volume of 5 bedrooms homes went down by 12.5%. While more than 9 listings in King William County, VA in October 2022 were sold above asking price, there were more than 4 listings sold at asking price, and more than 10 were sold below.

Related Housing Market Reports