Is Prince George County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Prince George County has remained a Seller's Market.
Housing Prices in Prince George County, VA
How much do homes in Prince George County, VA cost?
Median Sold Price
$324,950
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Prince George County was $324,950 in March 2024, up 3.2% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $169K | $249.9K | +47.9% |
3 Bedrooms | $300.5K | $300K | -0.2% |
4 Bedrooms | $340K | $350K | +2.9% |
5+ Bedrooms | $379.9K | $450K | +18.5% |
Summary: Prince George 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 47.9%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Counties
Charles City County | $270K | $289.9K | +7.4% |
Chesterfield County | $373.9K | $390K | +4.3% |
Prince George County | $315K | $324.9K | +3.2% |
Housing Supply in Prince George County, VA
How many homes are available in Prince George County, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 48 | +23.1% |
Summary: The Prince George County real estate market had 48 homes for sale in March 2024, a 23.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 19 | 28 | +47.4% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Prince George 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 remained the same, 3 bedroom homes increased by 47.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Prince George County in March 2024, up by 25.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Prince George County, VA
How long does it take to sell a home in Prince George County, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 16 Days | -52.3% |
Summary: Homes in Prince George County had an average of 16 days on market in Mar 2024, down by 52.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Prince George County; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.