Is Prince 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, 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.
Housing Prices in Prince William County, VA
How much do homes in Prince William County, VA cost?
Median Sold Price
$542,765
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Prince William County have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Prince William County was $542,765 in June 2024, up 6.9% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $206K | +5.6% |
| 2 Bedrooms | $353K | $361.5K | +2.4% |
| 3 Bedrooms | $433.8K | $467.5K | +7.8% |
| 4 Bedrooms | $599.4K | $640.3K | +6.8% |
| 5+ Bedrooms | $729.6K | $770K | +5.5% |
Summary: Prince William County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Counties
| Fauquier County | $538.8K | $595.3K | +10.5% |
| Prince William County | $507.7K | $542.7K | +6.9% |
| Fairfax County | $656.6K | $701.1K | +6.8% |
| Loudoun County | $667.8K | $711.9K | +6.6% |
| Stafford County | $495K | $509.7K | +3.0% |
Housing Supply in Prince William County, VA
How many homes are available in Prince William County, VA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,384 | 1,527 | +10.3% |
Summary: The Prince William County real estate market had 1,527 homes for sale in June 2024, a 10.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 12 | +50.0% |
| 2 Bedrooms | 122 | 131 | +7.4% |
| 3 Bedrooms | 495 | 578 | +16.8% |
| 4 Bedrooms | 496 | 505 | +1.8% |
| 5+ Bedrooms | 263 | 301 | +14.4% |
Summary: The Prince William County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 14.4%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 548 | 479 | -12.6% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
132 Homes Were Sold
At Asking
267 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prince William County, you could pay more than the asking price. 55.7% of homes here sold above asking price last month.
Summary: A total of 479 homes were sold or pending in Prince William County in June 2024, down by 12.6% month-over-month. Of the 479 sold homes, 17% were sold under asking, 28% were sold at asking, and 56% were sold over asking.
Days on Market for Prince William County, VA
How long does it take to sell a home in Prince William County, VA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 11 Days | 10 Days | -6.4% |
Summary: Homes in Prince William County had an average of 10 days on market in Jun 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
449 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prince William County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 479 homes were sold in Prince William County; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
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Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.