Is Prince William County, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Prince William County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Prince William County has remained a Seller's Market.

Key Takeaway

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

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

Median Sold Price

$475,150

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$21,983(+4.9%)

Key Takeaway

Homes in Prince William County have sold for 4.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $169K$214.5K
+26.9%
2 $310K$318.5K
+2.7%
3 $385K$400K
+3.9%
4 $549.9K$575.4K
+4.6%
5+ $660K$685K
+3.8%

Median Sold Price Compared To Nearby Counties

Fauquier County
+9.3%
Stafford County
+6.0%
Prince William County
+4.9%
Loudoun County
+1.8%
Fairfax County
-2.0%

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

Number of Homes For Sale

Jul 2022Aug 2022%
1,2821,894+47.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 15
+400.0%
2 86126
+46.5%
3 480729
+51.9%
4 442664
+50.2%
5+ 273370
+35.5%

Number of Homes Sold

Jul 2022Aug 2022%
28546+1850.0%

Asking Price vs. Sold Price

168 Homes Were Sold
Under Asking

163 Homes Were Sold
At Asking

215 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Prince William County, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
10 Days15 Days+46.3%

Breakdown of Home Sale Times

466 Homes Were Sold
Under 30 Days

79 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Prince 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 Prince William County, VA

There are 1,894 homes are for sale in Prince William County, VA real estate market. In August 2022 in Prince William County, VA there were 47.7% more homes for sale than in July 2022. In August 2022 median list price was $475,150 and the average listing age was 15 days. This housing market listing prices have changed between July 2022 and August 2022: 1 bedroom properties became 26.9% more expensive, 2 bedrooms properties prices increased by 2.7%, 3 bedrooms properties prices increased by 3.9%, prices of 4 bedrooms properties increased by 4.6%, the cost of 5 bedrooms properties went up by 3.8%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory increased by 400%, 2 bedrooms homes inventory increased by 46.5%, 3 bedrooms homes inventory increased by 51.9%, the quantity of 4 bedrooms homes went up by 50.2%, the quantity of 5 bedrooms homes went up by 35.5%. While more than 215 listings in Prince William County, VA in August 2022 were sold above asking price, there were more than 163 listings sold at asking price, and more than 168 were sold below.

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