Is King William County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, King William County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $165K | N/A |
2 Bedrooms | $253.9K | $262.2K | +3.3% |
3 Bedrooms | $319.9K | $332K | +3.8% |
4 Bedrooms | $380K | $374.9K | -1.3% |
5+ Bedrooms | $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 | $255K | $271.5K | +6.5% |
Caroline County | $325K | $345K | +6.2% |
Hanover County | $420.9K | $440.2K | +4.6% |
King William County | $325K | $338K | +4.0% |
New Kent County | $419.9K | $424.5K | +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 2024 | Jun 2024 | CHANGE |
---|---|---|
172 | 177 | +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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 91 | 97 | +6.6% |
4 Bedrooms | 49 | 49 | 0.0% |
5+ Bedrooms | 18 | 18 | 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 2024 | Jun 2024 | CHANGE |
---|---|---|
26 | 35 | +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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
21 Days | 66 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
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.