Is Kingstowne, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kingstowne has remained a Seller's Market.
Key Takeaway
Kingstowne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kingstowne, VA
How much do homes in Kingstowne, VA cost?
Median Sold Price
$642,500
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kingstowne have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Kingstowne was $642,500 in April 2024, up 5.2% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $269.7K | $292.5K | +8.4% |
| 2 Bedrooms | $405K | $420K | +3.7% |
| 3 Bedrooms | $648.5K | $670K | +3.3% |
| 4 Bedrooms | $760K | $775K | +2.0% |
| 5+ Bedrooms | $1.1M | $1.1M | -4.5% |
Summary: Kingstowne housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 4.5%.
Housing Supply in Kingstowne, VA
How many homes are available in Kingstowne, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 55 | +71.9% |
Summary: The Kingstowne real estate market had 55 homes for sale in April 2024, a 71.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 2 | 6 | +200.0% |
| 3 Bedrooms | 19 | 28 | +47.4% |
| 4 Bedrooms | 3 | 12 | +300.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Kingstowne housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 47.4%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kingstowne, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Kingstowne in April 2024, up by 23.1% month-over-month. Of the 16 sold homes, 0% were sold under asking, 13% were sold at asking, and 88% were sold over asking.
Days on Market for Kingstowne, VA
How long does it take to sell a home in Kingstowne, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 4 Days | -33.8% |
Summary: Homes in Kingstowne had an average of 4 days on market in Apr 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kingstowne are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Kingstowne; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
