Is Kingsmill, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kingsmill is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Kingsmill has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Kingsmill, VA

How much do homes in Kingsmill, VA cost?

Median Sold Price

$527,750

$223/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$35,750(+7.3%)

Key Takeaway

Homes in Kingsmill have sold for 7.3% more than they did a month ago.

Summary: The median home sold price in Kingsmill was $527,750 in April 2024, up 7.3% from last month, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $492K$527.7K
+7.3%
4 --
N/A
5+ --
N/A

Summary: Kingsmill housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Kingsmill, VA

How many homes are available in Kingsmill, VA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4955+12.2%

Summary: The Kingsmill real estate market had 55 homes for sale in April 2024, a 12.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 810
+25.0%
3 2422
-8.3%
4 1315
+15.4%
5+ 48
+100.0%

Summary: The Kingsmill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kingsmill, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Kingsmill in April 2024, up by 10.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Kingsmill, VA

How long does it take to sell a home in Kingsmill, VA?

Average Sale Time

Mar 2024Apr 2024CHANGE
73 Days25 Days-65.6%

Summary: Homes in Kingsmill had an average of 25 days on market in Apr 2024, down by 65.6% compared to last month.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 11 homes were sold in Kingsmill; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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 16 Days Ago

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